Member Info for TTNY2013

(Bloomberg) -- Lloyds reported statutory pretax profit for
the second quarter that beat the average analyst estimate.
SECOND QUARTER RESULTS
* Statutory pretax profit GBP2.01 billion vs. loss
GBP676.0 million y/y, estimate GBP1.40 billion (Bloomberg
Consensus)
* Underlying profit GBP1.99 billion vs. loss GBP839.0
million y/y, estimate GBP1.72 billion (Bloomberg Consensus)
* Net interest income GBP2.74 billion, +8.4% y/y, estimate
GBP2.71 billion (Bloomberg Consensus)
* Net interest margin 2.51% vs. 2.40% y/y, estimate 2.49%
(Bloomberg Consensus)
* Return on tangible equity +24.4%
* Cost to Income Ratio 57.4% vs. 55.2% y/y, company-
compiled estimate 52.4%
* Common equity Tier 1 ratio 16.7%

FIRST HALF RESULTS
* Interim dividend per share 0.67p

Excellent results IMHO with dividend considered to ge reintroduced at year end.

Beazley plc results for period ended 30 June 2021
-- Profit before tax of $167.3m (30 June 2020: Loss before tax of $13.8m)
-- Return on equity (annualised) of 15% (30 June 2020: (1%))
-- Gross premiums written increased by 22% to $2,035.3 (30 June 2020: $1,663.9m)
-- Combined ratio of 94% (30 June 2020: 107%) -- Rate increase on renewal portfolio of 20% (30 June 2020: increase of 11%)
-- Prior year reserve releases of $95.7m (30 June 2020: $58.6m)
-- Net investment income of $83.6m (30 June 2020: $83.2m)
-- No interim dividend (30 June 2020: nil)

Guess we will have to wait until 25 August for the detailed results. However, reads positive and like ahead of expectations

However

Costain, the smart infrastructure solutions company, today issues a trading update ahead of the publication of its half year results for the period ended 30 June 2021, on 25 August 21.

We have continued to operate productively with effective safety measures in place across all contracts. Underlying trading has remained profitable with good cash generation resulting in a strong net cash position of GBP113.0 million as at 30 June 2021 (30 June 2020: GBP140.9 million), ahead of our expectations. We have continued to secure new contracts in line with our strategic ambitions. This continued progress underpins our confidence in delivering further growth in profits this year, in line with the Board's expectations.

The order book at 30 June 2021 stands at GBP4.0 billion (30 June 2020: GBP4.2 billion), with c GBP1.2 billion secured for 2021. The Group's net cash position of GBP113.0 million comprised GBP100.0 million of cash, GBP57.0 million share of cash in joint operations and GBP44.0 million of drawn debt. The average month-end net cash balance for the period was GBP102.9 million (2020 half year: GBP56.3million).

This is what the CEO stated in December his 5 key short term milestones for this year to reach ultimate objectives:
1) being cash generative with positive net cash generation
2) increasing margins in both divisions to 3 to 4%. Complex projects commenced from Q3 2019 delivering 3 to 5% margin. Growth of higher margin sevices to 40% of profits, moving to target of 55%
3) Improved efficiency gains to allow to invest accross the business. £12m this year and £20m by 2024.

Let's see how they have got off to the year to achieve this and the tone of the forward looking statement.

If start to deliver can expect to see a rerating at this low SP levels and resulting SP increase

Agree Ian have loaded up in my pension last few months. Will gradually rise and as you say £6 is my person target as well. Sure, wont be immediate but can see a push to £3.80, £4 and then £4.50 which will all act as temporary resistance levels.

International Personal Finance
Upgrade to market expectations
15 June 2021

Since our Q1 trading update issued on 29 April 2021, the Group's operational performance has continued to be positive. Credit issued has been broadly in-line with our internal expectations despite tighter Covid-19 related restrictions in a number of our markets. As we highlighted in the Q1 trading update, our business plan assumed a weakening in collections performance due to subsequent waves of the pandemic in the first half of 2021. In contrast, our actual collections performance has continued to be very strong resulting in a faster-than-anticipated improvement in impairment as a percentage of revenue.
While we remain cautious given the dynamic Covid-19 environment, the faster-than-anticipated improvement in impairment in April and May is expected to result in a further improvement in the full-year impairment charge and a significantly stronger rebound in profitability in 2021 than was expected at the time of our Q1 trading update.

We may get a lift again north for US open unless their market opens weakly.

I agree not unexpected to see this drop a bit after very strong rise and new cheap placing shares hitting market and being turned for a quick profit. Expect to see a further drop next week maybe to 4p level which should provide support before next leg up hopefully and a higher high.

Hiscox Q1 Statement tomorrow. Be interested to see how they fair from a segment perspective.

Nuri

Good luck with your investments.
Sometimes patience is required especially with some stocks. I work in the area that MicroFocus is operating and can tell you things are very positive. Huge digital transformation projects taking place.

Schroders building recently mopping up cheap shares from 440p.

I see this very positive for the future.
I have an initial 1 year target of 800 to 1000p.

Q1 results out this morning.

Lower impairments than expected which will result in greater profitability than estimated.

CFO Justin to leave in July after 4 years for another opportunity in a different sector. Search for replacement underway. Ashame because he seemed very good, but people do change jobs. Hope replacement is as good.

Investors call at 9am often worth listening to.

Beazley have nearly doubled their revenue each year from $1,787m in 2015 to $2,911m in 2020 and forecast $3,736m in 2021.

Significant year on year revenue growth.

Made first net loss in 2020 of $46.1 in 2020. Forecast to make $244m profit in 2021. All previous years were profitable other than 2020. Note, 2019 was $234m net profit.

14 brokers estimates- 7 hold, 5 buy, 3 strong buy.

Was 600p before pandemic in Feb 2020.
Once we break the 365-380p resistance, next test 450p. Then up to 500p.

Think if Q1 update shows we are on the track we will start to see upwards momentum return.

Small initial exploratory position and will start to add when recovery comes.

See this heading to retest 50p resistance. Once that is finally broke think 40 to 50p levels will become a distant past. Once 50p broken next target will be 80p.This is assuming what we were told during results continues and is materialized.

Has been extended again with new date of 1st April. So guess we will have to wait until then which can be extended again.

Tomorrow we will know if 307.5p all cash offer takes place. Not long to wait now.

Just bought my first tranche of these for my pension today at 59.42. See this as great value for a long term hold.

Been watching carefully going into the results, results and watching afterwards. Surprised that there have not been any new broker notes out that I have spotted after results.

Thought that this was a good entry price.

If it was to fall further will buy some more at 40p ish, but somehow don't think that will happen. However, one never ever knows.

If we do move steadily will add on climb north.

Think medium to long term this is a very good risk/reward play. My initial first target is 90p, but medium to long term (3 to 5 years) if they deliver their plan and margins is 200p plus.

New broker rating - Numis with overweight rating with new SP Target of 80p 17 March

Capita results generally fine with debt reduction, org simplification and first growth for 5 years expected 2021. A few things to note VAT deferral from 2020, pension deferral which will reduce profits in 2021 temporarily. However, overall looks like things being turned around. Be interesting to see what market thinks and if we can break 50p.

So big day ahead tomorrow for us. For many of us up early to review of the results.

If as expected or even better than expected and most importantly more positive forward looking statement than recent years then we may finally cut through 50p strong resistance level that have failed to break on numerous occasions over the last year (July 20 / Dec 20 and only a week ago).

Once we cut through and hold can see target of 80 to 100p going forward.

Be an interesting day ahead of us. Fingers crossed for 50p finally being breached.