Breaking Share News [2018]

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Breaking Share News [2018]

Post by AAAlphaThunder » Mon Feb 05, 2018 11:44 am

Time for a new thread for 2018.

This thread is for a running commentary on hot off the press share news.
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Re: Breaking Share News [2018]

Post by AAAlphaThunder » Mon Feb 05, 2018 11:46 am

Vodafone are expanding into Europe with Liberty Global deal.
Vodafone Group, the UK-based telecoms giant, has said it is in talks to buy some European assets owned by US cable company Liberty Global.
http://www.bbc.com/news/business-42921619
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Re: Breaking Share News [2018]

Post by AAAlphaThunder » Mon Feb 12, 2018 6:53 pm

Barlcays have been charged with the now infamous "Qatar loans".

http://www.bbc.com/news/business-43029731
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Re: Breaking Share News [2018]

Post by an6ypan6y » Thu Feb 22, 2018 8:34 am

BARCLAYS - profits down but dividend up - shares gain 5%:

LONDON -- Barclays PLC announced it would more than double its dividend next year even as the bank swung to a full-year loss hit by a weak performance at its investment bank and a charge related to U.S. tax reforms.

The British bank said Thursday it would aim pay a dividend of 6.5 pence a share in 2018. The move raises the payout back to the level it was at two years ago when it was cut to fund a restructuring at the group.

The proposed higher payout comes despite Barclays falling to GBP1.9 billion net loss 2017, compared with a GBP1.6 billion profit the previous year. Total income fell 2% on the year to GBP21.1 billion as the bank shed operations.

The investment bank continued to drag on results, with markets revenue slumping 17% in the last quarter compared with the year before.

However, Mr. Staley said that the investment bank had performed strongly so far this year as volatility returns to markets. "We are pleased with the start to the year, and in particular in the markets businesses in CIB, where income is tracking above the level for the corresponding period in 2017 in dollars," he said in a statement.

The results come as Barclays is at a crossroads. Mr. Staley has spent more than two years reshaping the lender into a U.S. to U.K. universal bank. Investors now want to see how the diverse businesses -- stretching from credit cards to equity derivatives -- click together. Sustained profits still look a way off. The bank said on Thursday that it would only meet its cost of equity, around 10%, by 2020.

Mr. Staley has been dealt a tough hand, analysts say. The investment bank's trading business has struggled with record low levels of volatility. The Brexit vote has spooked investors, worried that the U.K. economy could suffer dragging Barclays's sizable retail business with it. And analysts fret that the bank's red hot growth in U.S. credit cards could see the bank burnt if the economic cycle cools. Barclays on Thursday warned that delinquencies on card payments in the U.S. were on the rise.

The first few months of the year, however, provided a bit of light at the end of the tunnel for the investment bank, as choppy markets saw clients come back into the market and increase hedging.

The bank still faces several legal hurdles, including a criminal investigation into emergency fundraising during the financial crisis. The U.S. Justice Department is suing Barclays, alleging it fraudulently sold more than $30 billion of mortgage-linked securities that helped fuel the financial crisis. The bank says it is seeking to dismiss the suit. Mr. Staley and the bank are being probed over attempts to reveal the identity of a whistleblower that critiqued a hire the executive made. The bank put aside GBP240 million to cover a foreign exchange matter in the last quarter of the year.

The bank had previously disclosed it was taking a $1.3 billion write-down on its 2017 accounts following U.S. corporate tax cuts. The bank said that the U.S. Base Erosion and Anti Abuse Tax should wouldn't cause the group's tax rate to exceed mid-20 percent.
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Re: Breaking Share News [2018]

Post by an6ypan6y » Thu Feb 22, 2018 12:18 pm

I spotted the above Barclays update just before I had to go in to meetings all morning, so it was a hasty cut and paste and post.

We discussed before about setting sell orders when a nominal profit is reached for this share. If that order is still in place Barclays would already have been sold which would be a shame.

I don't have too much chance to keep up with the various discussions and I know there is much talk about restructuring the CIC, that apart I know we need to review all of our holdings and in my view the club should categorise Barclays as a long term hold with the benefit of an attractive dividend (if it fully materialises) and only consider selling if it breaches what we paid for it - are we able to set a rolling sell order on that basis or do Share not offer this amenity?

For clarity it would also be useful to be able to categorise all of our portfolio, ie: Long Term Growth, Income, growth & income etc. This would possibly aid decisions on selling or topping up for the future.

Sorry if I'm repeating what has already been said, just a few thoughts while I have a couple of minutes.
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Re: Breaking Share News [2018]

Post by an6ypan6y » Thu Mar 08, 2018 8:03 am

Decent if not spectacular Prelim Results out for SharePLC this morning, I know we are never likely to sell these but some upward share price movement would be pleasant :-)

for the year ended 31 December 2017

Share plc (AIM: SHRE.LN), parent company of The Share Centre (a leading independent retail stockbroker), announces its unaudited results for the year ended 31 December 2017.

HIGHLIGHTS

Financial

-- Revenue and revenue market share reached record
highs - helped by the emerging benefits of a major
new partnership agreement and strong trading volumes
-- Revenue up by 28% to GBP18.7m (2016: GBP14.6m):
- commission income rose by 51% to GBP10.6m (2016:
GBP7.0m)
- fee income grew by 7% to GBP7.2m (2016: GBP6.8m)
- interest income increased by 14% to GBP0.9m (2016:
GBP0.8m)
-- Revenue market share excluding interest (*) reached
12.81% (2016: 9.85%)
-- Assets under administration increased by 27% to
GBP4.7bn (2016: GBP3.7bn)
-- Operating losses reduced by 41% to GBP0.8m (2016:
GBP1.3m)
-- Profit before tax was GBP0.4m (2016: GBP1.0m) including
respective one-off items
-- Underlying (**) earnings increased to GBP383,000
(2016: GBP4,000)
-- Underlying (**) basic and diluted earnings per
share increased to 0.3p (2016: 0.0p). Basic and
diluted earnings per share were 0.2p (2016: 0.5p)
-- Balance sheet remained strong, with net cash of
GBP10.5m (2016: GBP11.4m) and available for sale
investments of GBP6.4m at year end (2016: GBP6.0m)
-- Shareholders' funds increased to GBP18.2m or 12.7p
per share (2016: GBP17.7m, 12.3p per share)
-- Proposed final (and total) dividend of 0.4p (2016:
0.25p per share), up by 60%


Operational

-- Successful launch of services for Computershare
in May 2017
-- Completion of the acquisition of customer accounts
from Invesco Perpetual in April 2017
-- Continued investment in the Digital Transformation
Programme, as planned:
- funding and dealing functionality introduced
to the Group's Mobile App
- ongoing redevelopment of the http://www.share.com website
-- Customer satisfaction levels remain high:
- ranked as "Best Stockbroker" in the 2017 Investment
Trends UK Online Broking Report, with the highest
"Overall Client Satisfaction" rating among share
investors, for the fourth consecutive year
- Net Promoter Score ('NPS') of +49, as reported
by Investment Trends, the highest level of client
advocacy of any online broker


Outlook

-- The new financial year has started well and the
Group's financial performance in 2018 is expected
to continue to improve as the benefits of growth
initiatives and rising interest rates come through
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Re: Breaking Share News [2018]

Post by an6ypan6y » Thu Mar 08, 2018 8:11 am

Aviva also announce their prelim results this morning, for a company of this size the headline figures look good - all are in a positive direction except for the Combined ratio - from my time in insurance I believe this reflects their underwriting profit margin ie: 100% is break even, below 100% indicates the profitability of their insurance book (that's recalling info from 20+ years ago so I might be wrong). Dividend growth looks healthy though.

AVIVA PLC 2017 PRELIMINARY RESULTS ANNOUNCEMENT

Mark Wilson, Group Chief Executive Officer, said:

In 2017, Aviva delivered growth in profits, in dividends, in capital and in cash. Aviva grew operating earnings per share by 7% and our full year dividend by 18%, the fourth consecutive year of double-digit dividend growth.

Our largest market, the UK, has gone from strength to strength, growing sales, market share and profit. For Aviva, the UK is a dependable and growing business.

Aviva has broad-based growth, with six of our eight major markets delivering double-digit profit improvement. We now have a collection of strong and growing businesses.

This year, we expect to deploy GBP2 billion of excess cash, including GBP900 million in debt reduction, in excess of GBP500 million of capital returns to shareholders and about GBP600 million for bolt-on acquisitions.

We continue to invest in our businesses and in particular on priorities such as digital to make our products and services easier for our customers.

Aviva is now a simpler, stronger group and we are growing. Our strategy is paying dividends.

Profit
* Operating EPS(1,2) up 7% to 54.8 pence (2016: 51.1
pence)


* Operating profit(3) up 2% to GBP3,068 million (2016:
GBP3,010 million)


* Operating profit from eight major markets excluding
divestments up 6% to GBP3,508 million (2016: GBP3,300
million)


* IFRS profit after tax GBP1,646 million (2016: GBP859
million)
------------ ------------------------------------------------------------
Dividend
* 2017 total dividend per share up 18% to 27.4 pence
(2016: 23.3 pence)


* Dividend payout ratio 50%, 2017 target delivered
------------ ------------------------------------------------------------
Capital
* Solvency II capital surplus GBP12.2 billion (2016:
GBP11.3 billion)


* Solvency II cover ratio(1,4) 198% (2016: 189%)


* Operating capital generation(1) GBP2.6 billion (2016:
GBP3.5 billion)


* IFRS net asset value per share(1) 423 pence per share
(2016: 414 pence)
------------ ------------------------------------------------------------
Cash
* Cash remittances(1) up 33% to GBP2,398 million (2016:
GBP1,805 million)


* Group centre liquidity GBP2.0 billion (2016: GBP1.8
billion)
------------ ------------------------------------------------------------
Growth
* General insurance net written premiums up 11% to
GBP9,141 million (2016: GBP8,211 million)


* Value of new business(1) up 25% to GBP1,243 million
(2016: GBP992 million)


* Aviva Investors fund management revenue up 14% to
GBP577 million (2016: GBP506 million)


* Total group assets under management(1) (AUM) up 9% to
GBP490 billion (2016: GBP450 billion)
------------ ------------------------------------------------------------
Combined
ratio * General insurance combined operating ratio(1) 96.6%
(2016: 94.2%(5) )
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Re: Breaking Share News [2018]

Post by garindan » Thu Mar 08, 2018 12:56 pm

When we come to make a new share purchase I think we should take another look at Lloyds. It would be nice to get another bank sector share in the portfolio again having recently sold Barclays and doing some homework on the main contenders would probably be a good idea.
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Re: Breaking Share News [2018]

Post by timco » Sat Apr 28, 2018 10:57 pm

Sainsburys in talks with Walmart to merge with ASDA.

Personally I am hoping for a big tick up in my large holding in Sainburys first thing Monday although I fear the reverse.

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Re: Breaking Share News [2018]

Post by AAAlphaThunder » Sun Apr 29, 2018 11:16 am

timco wrote:Sainsburys in talks with Walmart to merge with ASDA.

Personally I am hoping for a big tick up in my large holding in Sainburys first thing Monday although I fear the reverse.
WOW. Walmart is already a juggernaut. Imagine what the merger would make and the cost savings and wholesale deals possible.
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