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The dividend is 1.3 p which is rather good for an interim payment, debts has also reduced. Overall, it is all good and within the market expectations.
Good results and outlook, reduced debts and profit rised.
Agreed, it is now at the bottom, it will go back up to at least 160 in two weeks.
Silly not to buy
(ShareCast News) - Electronic payments processor Worldpay posted its final results for the 2016 calendar year on Thursday, with the company seeing a 14% rise in transactions to 14.9 billion, as total transaction value rose 12% to £451.1bn. The FTSE 100 firm said total revenue rose 15% to £4.54bn. Both net revenue and underlying EBITDA were also up 15% at £1.12bn and £467.6m respectively, with the company swinging to 6.6p earnings per share from 1.8p losses per share in 2015. Its reported profit before tax was £264.1m, a significant improvement from £19.1m in 2015, and free cash flow also substantially increased to £170.9m from £32.4m. The board confirmed a total dividend per share of 2p. "We had a very strong 2016, both in terms of financial performance and strategic progress, and we're starting 2017 better placed than we've ever been," said chief executive officer Philip Jansen. "The substantial investments we've made in leading edge technology, innovative products, deep market reach and talented people are delivering real benefits for our customers, and our momentum with them is in turn further increasing our confidence in delivering our medium-term growth ambitions. "We are continuing to strengthen our global leadership position in payments, and we are well positioned to capitalise on the opportunities for further growth we see in our markets."
2016 Financial highlights · Total sales up 7.0% to £894.2m (2015: £835.7m) · Company-managed shop like-for-like sales* up 4.2% (2015: 4.7%) · Operating profit excluding property profits** and exceptional items*** up 8.6% to £78.1m (2015: £71.9m) · Pre-tax profit excluding exceptional items*** £80.3m (2015: £73.0m) · Pre-tax profit £75.1m (2015: £73.0m) · Strong cash generation enabling significant, self-funded capital investment to support growth · Total ordinary dividend per share up 8.4% to 31.0p (2015: 28.6p) * like-for-like sales in Company-managed shops (excluding franchises) with a calendar year's trading history ** freehold property disposal gains of £2.2m in 2016 (2015: £1.2m) *** exceptional pre-tax charge of £5.2m in 2016 (2015: £ nil) Strategic progress · Growing strength in the food-on-the-go market · Further improvements to product range, including extended choice in hot drinks and hot food · 'Balanced Choice' range of healthier options now accounts for over 10% of sales · 208 shops refurbished - 92% of shop estate now transformed to food-on-the-go format · 145 new shops opened, 79 closures (66 net openings); 1,764 shops trading at 31 December 2016 · Investment in upgraded operating systems progressing well - finance system implemented and shop replenishment successfully trialled · £100m, five-year investment programme in manufacturing and distribution operations commenced Current trading · 2017 has started in line with our expectations · Company-managed shop like-for-like sales up by 2.0% in 8 weeks to 25 February 2017 · Underlying (excluding New Year trading pattern) Company-managed shop like-for-like sales in weeks 2 to 8 up by 2.9% "In 2016 we delivered another strong performance as we continued on our journey to transform Greggs from a traditional bakery business into a modern, attractive food-on-the-go retailer. Our product offer is evolving to meet the changing needs of our customers and our shop estate and service levels have benefited from significant investment. "The UK consumer outlook is more challenging than we have seen in recent years, with industry-wide pressures emerging in commodities as well as labour costs. However we are confident of making further progress as we implement our plan to grow Greggs as a contemporary food-on-the-go brand."
Have been advised by someone who works in UTW that good half year profit and inceasrpe of dividend 🤗
Great set of results and positive outlook - win win situation
It will gradually go back up to at least 44...
Not quite under why?
Good dividend yields and top up more...
Good results and dividend- top up 20000 shares
If this is the case, what other news is to be published?
Woodford not woodland