Companies reporting w/c 26 November

What to expect from companies announcing results week commencing 26 November 2018.

Article updated: 22 November 2018 10:00am Author: Graham Spooner

Graham Spooner, Investment Research Analyst at The Share Centre, gives his thoughts on what to expect from companies announcing results week commencing 26 November 2018.

Tuesday

Intertek Group (Q3 2018 sales and revenue)

After breaching £60 a share during the summer, the shares have fairly rapidly come back down to roughly £45 a share. However they are not alone as other industrial groups have also seen a pullback on concerns over a slowing global economy and trade tensions between China and the US. A large part of its work is involved in quality assurance and testing of raw materials which are highly dependent on trade flows not being disrupted. At the half year stage it experienced a slight slowing of the organic growth rate and a repeat of this will not be welcome. However, it is likely that management will emphasise the longer-term drivers of increased regulation and higher quality standards of the group’s prospects. Meanwhile, investors would like to see the integration progress being made on their various acquisitions.

We currently list Intertek as a BUY

Wednesday

Findel (Interim results)

It is only just over a month since the company provided its last update so there should not be too many surprises in these interim figures. Trading at the main business, Express Gifts, slowed in the second quarter compared to the first, although the company left its guidance for the year unchanged in October. Nevertheless, investors will be listening carefully for an update on that side of the business, especially as it has now entered the crucial Black Friday and Christmas trading period. The education business is still in a turnaround situation but is making steady improvements and the market will be expecting further positive news there.

We currently list Findel as a BUY

All information given including prices, yields and our opinion is correct at the time of publication. Our opinions on investments can change at any time and for our latest view please go to www.share.com. To understand how our Investment research team arrive at their views please read our Investment Research Policy.

Graham Spooner portrait photo
Graham Spooner

Investment Research Analyst

Graham started out as a fully authorised dealer on the Stock Exchange trading floor and for various banks, before becoming an FSA-approved investment adviser. Now a respected voice in the media, Graham’s share tips and comments on the markets are frequently sought by the national press.