Stock Market News
Wednesday preview: Compass and Johnson Matthey
20-11-2012 16:39
| Add To Google +1 | Tweet |
Contract caterer Compass will give investors food for thought on Wednesday when it releases full-year results.
The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion-pound barrier to £1,074m. Earnings per share are tipped to be around 42.37p, with the full-year dividend roughly half that amount at 21.18p.
Strong showings in North America plus Fast Growing & Emerging regions should compensate for soft markets in Europe and Japan.
Panmure Gordon is hoping for an update on plans to return additional cash to shareholders and believes the market would "welcome a commitment of a further £500m" by the end of fiscal 2013, which, if done in the form of buy-backs, would enhance earnings per share by around two or three per cent.
Platinum refiner Johnson Matthey's half-year results are expected to see the company unveil a 1.5% decline in revenue to £5,810m while operating profit is predicted to be virtually flat at £213.5m.
Despite what looks like a period of treading water for Johnson Matthey, Charles Stanley is expecting the company to whack the interim dividend up from 15.7p last year to 22.2p this.
"This would not be too surprising. At the release of its preliminary results for the year ended March 31st Johnson Matthey announced a special dividend payment of 100p per share, in addition to a final dividend payment of 40p per share. The rationale behind the special dividend payment was continuing strong growth in both profits and cash flow and the belief that the group has 'ample resources' to fund these expenditures," writes Rae Ellingham of Charles Stanley.
Johnson Matthey is a world leader in emissions control technologies, e.g. catalytic converters, so it does have exposure to the struggling French motor car industry, which might persuade the board to be a bit more careful with the divi.
INTERIMS
Halfords Group, HICL Infrastructure Company Ltd, Hyder Consulting, Intermediate Capital Group, Johnson Matthey, Omega Diagnostics Group, QinetiQ Group, UK Mail Group
INTERIM EX-DIVIDEND DATE
Carphone Warehouse Group, Great Portland Estates, HICL Infrastructure Company Ltd, Hill & Smith Holdings, Invensys, Investment Company, London & Stamford Property , Metric Property Investments , Morgan Crucible Co, Next, Prime People, Printing.com, Sainsbury (J), Synergy Health, TalkTalk Telecom Group , TEP Exchange Group, Vedanta Resources, Vodafone Group, Walker Crips Group
QUARTERLY EX-DIVIDEND DATE
Carnival
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Bloomberg Consumer Confidence (US) (14:45)
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (15:30)
Initial Jobless Claims (US) (13:30)
Leading Indicators (US) (15:00)
MBA Mortgage Applications (US) (12:00)
U. of Michigan Confidence (US) (15:00)
Q3
JSC KazMunaiGaz Exploration Production GDR (Reg S), Zhaikmunai LP GDR (Reg S)
FINALS
Avon Rubber, Compass Group, Optos
SPECIAL EX-DIVIDEND PAYMENT DATE
Narborough Plantations
EGMS
VietNam Holding Ltd, VinaLand Ltd
AGMS
Aberdeen Asian Smaller Companies Inv Trust, Active Capital Trust, Impax Asian Environmental Markets, International Ferro Metals Group, JPMorgan Global Markets Emerging Income Trust, Pantheon International Participations, Ruffer Investment Company Ltd Red PTG Pref Shares, Sabien Technology Group, Stellar Diamonds
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Minutes (09:30)
FINAL EX-DIVIDEND DATE
Euromoney Institutional Investor, GETECH Group, Hornby, Keystone Inv Trust, United Drug
BC
The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion-pound barrier to £1,074m. Earnings per share are tipped to be around 42.37p, with the full-year dividend roughly half that amount at 21.18p.
Strong showings in North America plus Fast Growing & Emerging regions should compensate for soft markets in Europe and Japan.
Panmure Gordon is hoping for an update on plans to return additional cash to shareholders and believes the market would "welcome a commitment of a further £500m" by the end of fiscal 2013, which, if done in the form of buy-backs, would enhance earnings per share by around two or three per cent.
Platinum refiner Johnson Matthey's half-year results are expected to see the company unveil a 1.5% decline in revenue to £5,810m while operating profit is predicted to be virtually flat at £213.5m.
Despite what looks like a period of treading water for Johnson Matthey, Charles Stanley is expecting the company to whack the interim dividend up from 15.7p last year to 22.2p this.
"This would not be too surprising. At the release of its preliminary results for the year ended March 31st Johnson Matthey announced a special dividend payment of 100p per share, in addition to a final dividend payment of 40p per share. The rationale behind the special dividend payment was continuing strong growth in both profits and cash flow and the belief that the group has 'ample resources' to fund these expenditures," writes Rae Ellingham of Charles Stanley.
Johnson Matthey is a world leader in emissions control technologies, e.g. catalytic converters, so it does have exposure to the struggling French motor car industry, which might persuade the board to be a bit more careful with the divi.
INTERIMS
Halfords Group, HICL Infrastructure Company Ltd, Hyder Consulting, Intermediate Capital Group, Johnson Matthey, Omega Diagnostics Group, QinetiQ Group, UK Mail Group
INTERIM EX-DIVIDEND DATE
Carphone Warehouse Group, Great Portland Estates, HICL Infrastructure Company Ltd, Hill & Smith Holdings, Invensys, Investment Company, London & Stamford Property , Metric Property Investments , Morgan Crucible Co, Next, Prime People, Printing.com, Sainsbury (J), Synergy Health, TalkTalk Telecom Group , TEP Exchange Group, Vedanta Resources, Vodafone Group, Walker Crips Group
QUARTERLY EX-DIVIDEND DATE
Carnival
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Bloomberg Consumer Confidence (US) (14:45)
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (15:30)
Initial Jobless Claims (US) (13:30)
Leading Indicators (US) (15:00)
MBA Mortgage Applications (US) (12:00)
U. of Michigan Confidence (US) (15:00)
Q3
JSC KazMunaiGaz Exploration Production GDR (Reg S), Zhaikmunai LP GDR (Reg S)
FINALS
Avon Rubber, Compass Group, Optos
SPECIAL EX-DIVIDEND PAYMENT DATE
Narborough Plantations
EGMS
VietNam Holding Ltd, VinaLand Ltd
AGMS
Aberdeen Asian Smaller Companies Inv Trust, Active Capital Trust, Impax Asian Environmental Markets, International Ferro Metals Group, JPMorgan Global Markets Emerging Income Trust, Pantheon International Participations, Ruffer Investment Company Ltd Red PTG Pref Shares, Sabien Technology Group, Stellar Diamonds
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Minutes (09:30)
FINAL EX-DIVIDEND DATE
Euromoney Institutional Investor, GETECH Group, Hornby, Keystone Inv Trust, United Drug
BC
| Related share prices |
|---|
| Compass Group (CPG) share price |
| Johnson Matthey (JMAT) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

