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 21 June 2010.
Tuesday
Carnival (LON:CCL) (Q2 results) - We were expecting to hear from Carnival last week, but they will be announcing Q2 results on Tuesday. Figures should be boosted by currency fluctuations as the majority of Carnival’s business is US based, however this also could be an area for concern. The huge oil spill in the Gulf of Mexico could put those wanting to go cruising in that region off. These results are unlikely to change our stance to anything else but ‘hold’. We currently list Carnival as a HOLD
Whitbread (LON:WTB) (interim management statement) - The main divisions of the company are Costa Coffee and Premier Inn so we expect this update to be positive and to see the footfall through their coffee shops has increased. Also, it will be interesting to see if the first week of the World Cup has any affect on trading although no mention may be made yet. We currently list Whitbread as a HOLD
Chemring Group (LON:CHG) (interim results) - Chemring has had a superb run over the past few years and has benefitted from the vast amount of Government spending on defence systems and countermeasure systems. Investors will hope that this announcement may contain news that the company are considering a share split. This would make the shares more attractive to smaller investors and potentially increase the share price further. We do not currently hold a view on Chemring
Wednesday – n/a
Thursday
Drax Group (LON:DRX) (interim trading statement) - Drax’s share price has suffered recently and only just bounced back ahead of this update, so shareholders will be looking for some direction, News of a dividend will be welcomed as this is traditionally how Drax rewards its shareholders. After recent performance, shareholders will be hoping these results…
