Graham Spooner, investment adviser at retail stockbroker, Share (LON:SHRE) , gives his thoughts on what to expect from companies announcing results w/c 12 July 2010. He started his career in 1977 as a trainee dealer on the Stock Exchange trading floor. Two years later, Graham became a fully authorised dealer, a position which he held until 1986. Graham continued his career as a dealer at Chase Manhattan Bank, Svenska Bank and Midland Bank before moving to emerging-markets specialists, City of London Investment Management. Now a respected voice in the media, Graham’s comments on the markets and share tips are frequently sought by The Financial Times, The Times and The Daily Telegraph.
Tuesday
Burberry Group (LON:BRBY) (Q1 2011 trading statement) - Full-Year profits released in May revealed a 23% rise in adjusted pre-tax profits. Improvements came from the increase in sales from raincoats and shoes which did particularly well. There have been a number of costs throughout the year which have impacted on the profit figures such as start up costs in Brazil, Mexico, India and Japan, as well as restructuring costs that accounted for over £50m. We currently list Burberry as a HOLD.
Wednesday
ICAP (LON:IAP) (interim management statement) - Due to volatile markets, ICAP’s full year results in mid May noted a 5% decrease in profits. As their revenue is mainly dominated by non-sterling, ICAP have benefitted from sterling’s weakness against other currencies. Due to this weakness, the share price suffered earlier in the year, however the yield is now an attractive 4.5%. We currently list ICAP as a HOLD.
Thursday
Mothercare (LON:MTC) (Q1 2011 trading statement) - Although the retail sector is likely to remain under pressure, Mothercare has some defensive characteristics to offer. With a combination of potential overseas growth, as well as parents maintaining the amount spent on children, we feel Mothercare has attractions that can offset consumer concerns in the future. The share price has fallen back this year but long term investors should take advantage of the decline to start building up a holding. We currently list Mothercare as a BUY.
Experian Group Ltd (LON:EXPN) (Q1 2011 interim management statement) - So far, Experian has shrugged off the recession as a result of an expansion of the range of industries the group services. The company is also looking…
