What to expect from companies announcing results week commencing 26 November 2018.
Companies reporting w/c 26 November
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.
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
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
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