The Share Centre gives its thoughts on what to expect from companies announcing results week commencing 24 June 2019.
Companies reporting w/c 24 June
ONS Living longer and how the UK's population is changing statistical article
Reports produced by Office for National Statistics (ONS) have long shown the UK’s population is ageing. Latest projections show in 50 years’ time there are likely to be an additional 8.6 million people aged 65 years and over. As flagged by last week’s World Economic Forum’s report one major concern around our ageing population is around consumers not having large enough pensions to support them in retirement. However, investing little and often from an early age can see consumers create a pot which can be used to supplement their chosen lifestyle in later life.
Porvair (Q2 2019 Earnings Release)
A specialist filtration and environmental technology group based in Kings Lynn. An update in May confirmed the group had continued to trade well and in line with management expectations. Their focus is on markets that show long-term growth potential and where the product use is mandatory. The share price has performed well year to date and the company has a good track in growing earnings.
We currently list Porvair as a BUY
Tullow Oil (Q2 2019 Sales and Revenue Release – Trading Statement)
Tullow returned to profitability in 2018 and since the last set of full year results there have been more brokers and analysts sending out positive notes on them. However, they have hit some operational issues during the first half upon which they downgraded full year production expectations. Lower production along with the recent dip in the oil price will hit the revenues figures but this should be somewhat already reflected in the share price.
We currently list Tullow Oil as a BUY
John Wood Group (Q2 2019 Sales and Revenue Release – Trading Update)
The oil services group has been particularly hit by lower oil prices along with tensions in the Middle East which has the potential to impacts its contracts. The order book last stood at $10bn and building upon this should help allay some of these concerns especially if these come in sectors other than oil & gas. The restructuring is ongoing with asset disposals still being made while the integration of AMEC Foster Wheeler should still bring through synergy benefits. The last update suggested that debt reduction will be slower than expected so there will be a keen following of the company's balance sheet this time around.
We currently list John Wood Group 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.