Nick Raynor is an investment adviser at retail stockbroker, The Share Centre, having been there since 2002. Nick has over 11 years’ experience in personal finance. Nick is regularly asked to offer his insight on a wide range of financial matters to the UK media for papers including The Times and The Daily Telegraph. He provides weekly share comment to several regional newspapers, as well as finance-based websites such as MoneyExtra.com.
He gives his thoughts on what to expect from companies announcing results w/c 31 May 2010.
Wednesday
Topps Tiles Plc (LON:TPT) (interim results) - It has not been the best of periods for Topps Tiles of late. The share price has slumped and sales over the last two years have fallen. However, these figures will hopefully start to show some turnaround. Interest rates remain low, consumers will look to spend more on their home and refresh their kitchens or bathrooms. We do not currently list this company but will be taking a closer look at these figures for signs of recovery. We do not currently hold an opinion on Topps Tiles.
Northumbrian Water Group Plc (LON:NWG) (preliminary results) - Northumbrian Water’s interim statement confirmed the bid made by Ontario Teachers Pension fund had been rebuffed and that bid talks had ended. Investors will want confirmation on the company’s dividend policy and the new OFWAT regulations will not impact too heavily on profits and forecasts. When the take over bid was turned down we downgraded and removed Northumbrian Water from our lists, however good figures could see us rethink this decision. We do not currently hold an opinion on Northumbrian Water.
Thursday
Johnson Matthey (LON:JMAT) (full year results) - Johnson Matthey (JM) rely heavily on the car market. There are concerns that recalls on car models could occur for the whole of this year, so they may fall short of their productions targets. China will be a major player for JM as increasing legislation in the region favours tighter emissions from cars, something that is right up JM’s street. We are still cautious at the moment but feel it is one to keep an eye on. We currently list Johnson as a HOLD
Kingfisher (LON:KGF) (Q1 trading statement) - Analysts will be looking for an improvement in figures for Q1 because although final results…
