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 15 Nov 2010.
Monday
Lonmin (LON:LMI) (final results)
Lonmin has staged a recovery over the last couple of months, but the share price could come under further pressure upon release of these results. Recent wage talks with staff have collapsed, so we expect further strikes at the company’s mines and this will impact production. Mining companies have had a good time recently, but Lonmin has had to deal with the pressure of strikes, poor power supply and brokers down grading in their droves.
We currently list Lonmin as a SELL
Tuesday
Burberry Group (LON:BRBY) (interims management statement)
Due to external factors such as the rising price of cotton and the planned VAT rises in the new year; coupled with weaker trading updates from other clothing retailers, these interim figures are going to have to be good for the share price to maintain its current levels. Talk of a bid has helped to keep the share price higher, but we think it is unlikely to occur, hence our sell recommendation. We currently list Burberry as a SELL
Itv (LON:ITV) (interim management statement)
ITV’s share price has seen a recovery over the last six months, as a change in management and cost cutting has helped improve figures all round. The company will be pleased to know Simon Cowell has committed himself to three more years at the station, as the X factor always guarantees good viewing and revenue figures.
We currently list ITV as a BUY
Wednesday
Experian Group Ltd (LON:EXPN) (interim management statement)
These results are expected to be robust and inline with Experian’s competitors. Around the globe companies have all shown signs of improvement,…
