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 below on what to expect from companies announcing results w/c 10 May 2010.
Monday
Centrica (LON:CNA) (interim management statement)
Centrica is on track to become the UK’s cleanest power generator this year. This is due to its gas fired power stations and its growing number of wind farms. A point to note is that some of its off-shore turbines are experiencing problems with the structures sinking. Costs to repair this problem are relatively unknown yet but some say it could be as high as £50m. We currently list Centrica as a BUY
Tuesday
Serco Group (LON:SRP) (interim management statement) - Serco have been winning plenty of contracts this year and look set to be in an ideal position to win more as pressure on governments to spend on infrastructure projects grows. With exposure to the UK, US, Australia and the Middle East this is still our preferred play within the support services sector. We currently list Serco as a BUY
Inmarsat (LON:ISAT) (Q1 results) - Inmarsat recently announced a restructuring programme within the company which will integrate divisions that had previously traded independently. This gave the share price a timely boost, so we do not expect these figures to add any further encouragement for investors. We currently list Inmarsat as a HOLD
Aviva (LON:AV.) (Q1 interim management statement) - Aviva is very much our favoured play within the insurance sector at the moment. The yield is now solid and, unlike Prudential. they do not have any ambitious expansion plans. We expect reasonable figures to come from its Russian venture and also its fledgling Indian business. We currently list Aviva as a BUY
Tui Travel Plc (LON:TT.) (interim results) - The amount of chaos caused by the volcanic ash-cloud is yet to be clarified. Until all the claims have been made and the volcano stops we will…
