Companies reporting w/c 1 June

We give our thoughts on what to expect from companies announcing results week commencing 1 June 2020.

Thursday

Intermediate Capital Group Plc (Q4 2020 Earnings Release)

The alternative asset management company only entered the FTSE 100 in March and as at January managed roughly €42.6bn AUA. This was after interims in November highlighted solid inflows of €4.6bn which allowed the Group to boost its dividend to 15p. Despite the relatively strong performance before the crisis, the Group has been hit hard seeing their share price fall roughly 50% in the heat of the crisis. Therefore investors will be keeping a close eye on any updates surrounding operations, how the Group plans to cope with the virus impact and the outlook for demand relating to their services.

We currently list Intermediate Capital Group as a HOLD

Pennon Group Plc (Full-year results)

With so many companies cancelling or cutting dividends at the moment the utility sector has become even more of a haven for income-seekers than usual. For that reason there will be considerable interest from the market in any update on Pennon’s dividend policy, which is expected alongside these full-year results. The current policy, which should be reflected in these figures, is for pay outs to increase by 4% above RPI inflation. It follows a tough Ofwat review in February covering 2020-25 but the company’s finances were considerably bolstered in March with the sale of its recycling unit Viridor for £4.2bn.

We currently list Pennon Group as a HOLD

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.

 
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