Yet another one .................. .................... bites the dust !I know, let's have a reorganisation, we haven't had one in 2018, YetDetection seems to be the hardest word !
Tinkerman It's a great plan.......................... get rid of some & buy others.Basic problem though is anybody can sell businesses below market value (Bearings, Artificial Lift & IVF to name three) and then pay top dollar for an acquisition, namely Morpho who's performance to date has disappointed. What will be next I wonder.We either need a serious large acquisition or get rid of an entire division or two otherwise current trading will continue to disappoint the market.
Good News on Tax However, to maximise potential benefit, decent levels of Profit have to be made.I would suggest meeting 'Management Expectations' are no longer good enough, as they are set very low and undemanding.We need growth, and the first half year results to date are somewhat lagging.Shares at £16.35 are a definite sell.
Creating the Future ! ............... ..................... Well, that's a new oneIf the recent past is anything to go by, then God help us.
Fuel for growth .................. ........................ Springs a leak ! Pathetic.Well that was a brief statement, really puts us in the picture ?Time for yet another trendy catch phrase me thinks ( I'd use : Huge Bonus for abject failure)Going nowhere fast, time for a new captain maybe.C.O'S must be having the last laugh on his allotment
Light Weight JFS - To make a clean sweep ?Oh dear, surely Smiths could have done better !
NEW ARTICLE: Electric car parts firm set for big London IPO "Car parts maker TI Fluid Systems is finally set to float on the London Stock Exchange, raising a â¬425 million (Â£380 million) a year after pulling out of an IPO derailed due to market uncertainty in the wake of the Brexit vote.The cash - less than ..."[link]
Corporate Fatties ! 350needs no more comment. !Having said that, there's still a load of doyen dead wood in Medical, who have very limited or even zero impact, just collecting !These results in particular were extremely disappointing taking 'us' in real terms backwards similar to the ill fated LK era.Time for another Re-org, but more imaginative / cutting I would suggest this time round.Keep the faith the knives are out !
What's in a buzz word !? .............. ............... Certainly not profitFuel for growth, Smith's excellence............................... totally meaningless rubbishHow about some hard graft !Surely that performance results in zero executive bonus all round !Thank heavens for Fex and a very sharp pencil otherwise share price demise would have been even greater.However, keep the faith, after that, ARS cannot last much longer !
The real big fight - Burt versus Tessie Well Burt might have won on points, but Tessie knew the truth !Why oh Why BOD ?Despite currency being really favourable throughout most of the period, my expectations for the results certainly will not be !Surely it's time the management expectations were raised beyond mediocrity, and bonuses curtailed accordingly.Let's just hope the divi is unaffected.
NEW ARTICLE: Buy, hold, sell: High income share trades "David Smith has been the lead manager of LSE:HHI:Henderson High Income trust since 2014. Most of the portfolio is in equities, but Smith is also able to hold up to 20% in bonds. Currently, the split is 90:10 in favour of equities, a historic low ..."[link]
CFO Quits with immediate effect Eh - what - has he been booted out?Is there a financial issue or somat?Games"""Engineer Smiths led the fallers after chief financial officer Chris O'Shea stepped down with immediate effect. The company assured that current trading and the outlook remain in line with previous guidance.""""
Chuckle Chucked !? hhhhhhhhmmmmmmmm !certainly not worth 50p !
Re: : LKH Not so sure, zero growth ! I think the markets will react negatively once full analysis of results is concluded (with all the clever accounting re-adjusted). I cannot see many of the Brokers changing their stance from 'hold' to 'buy'
Re: Is there a doctor on site ! Ivorjay,Not very generous on the divi considering the overall apparent excellence of the numbers. Still, mustn't grumble ... Mr Market likes what he sees. The GKN bloke seems to be doing well.LKH on the flybridge