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Specialist barrier manufacturer Hill & Smith (HILS) offers investors ‘strong potential’ after its 2020 results came in head of expectations, says Peel Hunt.

Analyst Henry Carver reiterated his ‘buy’ recommendation and target price of £15.00 on the stock, whose products include ‘vehicle restraint systems’ found along the sides of roads. The shares closed up 2.6%, or 34p, at £13.56 on Wednesday after a ‘comfortable beat’ in profits last year and a ‘resilient start’ to 2021.

Chief executive Paul Simmons also set out a strategy to enhance the company’s organic growth plans and realign its portfolio to drive even better returns.

‘We are very encouraged by these results, and especially by the commentary in the statement around the new management team’s strategic direction,’ said Carver.

‘We think the group offers strong potential from here, with very attractive end market characteristics and structural growth trends.’

The Restaurant Group (RTN) is hoping to raise £175m from investors as the owner of Wagamama and Frankie & Benny’s tries to outlast the pandemic, says AJ Bell.

Analyst Danni Hewson said the group would forever be linked with the government’s ‘Eat Out to Help Out’ scheme after chancellor Rishi Sunak was photographed enjoying a Wagamama meal, but now it is hoping there will be appetite among investors to buy into the sixth biggest secondary raise in the UK so far this year.

‘There’s no denying the last year has been debilitating for much of the hospitality sector,’ said Hewson. ‘For a business already bruised by the glut of casual dining enterprises and slap in the middle of a restructuring, it could have been terminal.’

However, the analyst said the route ahead ‘looks less knotted up’ as reopening is around the corner and the company has invested in making its sites Covid-19 secure.

‘The biggest questions about the group’s future potential can only be answered once consumers are free to return,’ she said.

The shares closed up 1.5%, or 1.7p, at 112p on Wednesday.

Tullow Oil (TLW) has survived a ‘tempestuous’ year and all eyes are on new chief executive Rahul Dhir to see if he can repair its balance sheet, says Third Bridge.

Full year production from the oil company came in ‘pretty much bang in the middle’ of expectations at just shy of 75,000 barrels a day – which is lower than last year partly due to Opec’s ‘enforced shut-ins’ in Gabon, said analyst Jack Winchester.

He said the group had survived 2020 by bringing in Dhir and ‘refocusing on its productive assets and rationalising its portfolio’.

‘A recovering oil price alleviates some of the pressure on Tullow but significant debt levels mean they’ll still be anxious for commodity prices to grow further to continue the deleveraging we saw in 2020,’ said Winchester.

‘Dhir came in with a reputation for being strong on capital discipline and has led a strategy of rationalisation as the company seeks to repair its balance sheet.’

The shares closed up 1.9%, or 1p, at 52.9p on Wednesday.

Tullow Oil has said that it is confident of reaching an agreement to refinance its debt in the first half of this year as rising oil prices boost prospects for the troubled producer

Subscription only:

https://www.thetimes.co.uk/article/oil-price-rise-boosts-tullows-refinancing-bid-92jmzxcpm

Even Altus announcement may cause some positivity on Centamin.

A similar RNS by cey would be well received.

Sorry Mrtibbles I didn’t see your Cowichan/Canada comment.

Steve to the best of my knowledge Cowichan is in Canada.

I see some large buys today the bigger one being a 232,052 and several 40,50 & 80k buys also.
The share performance isn’t too hot but I don’t think we have anything serious to worry about.

I’ve just let my store on a ten year lease!

Yehaa

Sorry for the outburst...

I can’t say the tenants name but get a lot of yachts together and the answer is cryptic

MrBond I didn’t have any contact.
I’m either going to contact the company direct either this afternoon or tomorrow.
You’ll hear me when I know.

Major European stock markets traded with losses ahead of Wednesday's session despite announcements that the European Medicines Agency might approve Johnson & Johnson's COVID-19 vaccine for emergency use within days.

Next to this announcement, a recent report showed that the European Commission plans to introduce special passports for all people who have received a vaccine by summer.

The CAC 40 declined 0.13% at 7:01 am CET. The FTSE 100 lost 0.65% at 7:24 am CET, while the DAX fell 0.31%. A minute later, the euro traded 0.26% lower against the dollar to go for 1.18703, while the pound slipped 0.31% to $1.38492.

Breaking the News / ND

Happy hump y’al

Major European stock markets traded with losses ahead of Wednesday's session despite announcements that the European Medicines Agency might approve Johnson & Johnson's COVID-19 vaccine for emergency use within days.

Next to this announcement, a recent report showed that the European Commission plans to introduce special passports for all people who have received a vaccine by summer.

The CAC 40 declined 0.13% at 7:01 am CET. The FTSE 100 lost 0.65% at 7:24 am CET, while the DAX fell 0.31%. A minute later, the euro traded 0.26% lower against the dollar to go for 1.18703, while the pound slipped 0.31% to $1.38492.

Breaking the News / ND

Happy hump y’al

Liberum has reinstated its recommendation on Card Factory (CARD) and believes the shares can triple over the next three years.

Analyst Adam Tomlinson placed a ‘buy’ recommendation and target price of 100p on the stock, which had previously been ‘under review’. The shares closed up 4%, or 2.7p, at 69.6p on Tuesday.

Tomlinson said he has a ‘long-term positive view’ on the group, driven by the ‘growth levers laid out in the five-year strategy’.

‘While Covid-19 has pushed back delivery on the plan, the opportunities remain,’ he said.

‘The shares have rallied very quickly in the recent past, but a recovered price/earnings [multiple] of less than 6x highlights the further upside and we see scope for a tripling of the share price on a three-year view.’

In the short term, Card Factory’s strong cash generation should also help to ‘deliver a successful conclusion to its talks with its banks to secure additional funding headroom’, the analyst noted.

Centamin engine misfiring today folks!

Hello Dan, I thought we’d lost you.

Precious metals traded higher on Tuesday amid a pullback in United States Treasury yields, which lent support to the commodities.

Gold hit a nine-month low in the previous session as rising Treasury yields reduced the yellow metal's appeal. However, gold began to recover as yields stabilized, along with equity markets.

Gold jumped 1.29% to $1,702.17 per ounce at 4:17 am ET, while silver climbed 2.31% to $25.70. At the same time, platinum was up 2.82% to $1,172.02 an ounce as palladium rose 0.131 to $2,327.45 per ounce.

Breaking the News / JC

Is now plus more than 1 %

Hopefully the upward momentum will continue.

Cheers MrBond do you remember me telling you about it?

The letting is a big juncture as the risk subsides and reward comes into effect.

The children will love for it.
Big stuff

Last November having removed a large chunk of my stock market cash I purchased a large (3k Sq ft) retail store. The letting of which today is the subject of a decision to be made by a large U.K. clothing manufacturer/retailer.

I’ll know by this afternoon if they decide to proceed with the tenancy which I believe is just a formality but it is an important one for me. The process then goes into the hand of our respective solicitors.
A big day here.

Shares on major European stock market indexes traded mixed in the premarket on Tuesday after a successful start of the week, which ended with the German DAX's record high.

The traders monitored the developments regarding the pandemic, as European Commission President Ursula von der Leyen expressed concerns regarding the vaccine supply within the European Union, while the Netherlands extended the lockdown measures until the end of March.

The DAX stood flat at 8:00 am CET, while the FTSE 100 lost 0.14% at the same time. Concurrently, in Paris, the CAC 40 gained 0.20%. The euro and the pound advanced by 0.09% and 0.10% against the dollar at 8:02 am CET, selling for 1.18540 and 1.38309, respectively.

Breaking the News / BU