Goldbug100 - InterContinental Hotels Group H1 profits up 23% Sales + 10% & dividend up 25%

IHG.L

13:22 BST

1,022.00

+59.00

-  6.13%

Holiday Inn Lowest Internet Rate Guarantee

 

The hotelier, which runs over 4,400 hotels, posted first-half operating profits up 23%t at $269 million (164 million pounds) beating a company compiled consensus of $256 million, while half-year sales rose 10% to $850 million.

The half-year dividend rose 25% to 16.0 US cents.

The group said first-half global revenue per available room (RevPAR), a key industry measure, grew 6.7 percent, with an 8.2 percent rise in the United States and a 12.7 percent rise in China. In July, global RevPAR rose a slightly less 5.6 percent.

Yahoo Finance -  http://uk.finance.yahoo.com/q?s=IHG.L
Google Finance - www.google.com/finance?q=NYSE:IHG
Reuters - www.reuters.com/finance/stocks/overview?symbol=IHG.L

Intercontinental Hotels Group PLC Broadwater Park Denham, UB9 5HR United Kingdom - Map Phone: 44 18 9551 2000 Fax: 44 18 9551 2101 Website: http://www.ihgplc.com

Business Summary

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The company owns a portfolio of various brands, including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites, and Hotel Indigo. As of July 26, 2011, it owned, managed, franchised, and leased a portfolio of approximately 4,400 hotels and 652,000 guest rooms in 100 countries and territories worldwide. The company was founded in 1967 and is based in Denham, the United Kingdom.

Goldbug100 - Broker Charles Stanley chooses a couple of our picks Carillion & Hays

Broker Charles Stanley has run the microscope over constituents of the FTSE 250 index looking for key income buys and come up with five likely candidates.
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Goldbug100 picks - Carillion (LSE: CLLN.L) 328.00p +1.00p, the construction and engineering group and Hays (LSE: HAS.L) 117.50p +2.30p (recruitment) go in together with N. Brown (shopping catalogue), Marston's (pubs and brewing) and Thomas Cook (holidays)
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Charles Stanley's favourites. "Each of the above offers a yield of at least 4.0% (FTSE 250-ex investment companies historic yield 2.51%) where Charles Stanley Securities analysts are confident of a future stable or growing return," the broker note said. "The law of averages suggests that the FTSE 250 Index will again outperform in 2011. However, should the index underperform, history suggests that any underperformance is likely to be muted." "Should the FTSE 250 outperform on the basis of recovery in the UK economy into 2012 the stand-out buy from our picks is Marston's with a beta of 1.46 to the FTSE 250. Other selections that should perform well into such a scenario are Thomas Cook (0.96), Carillion (0.89), and Hays (0.87). N.Brown (0.32) may be a selection, all other considerations aside, if the FTSE 250 were to weaken. However, all our selections exhibit the common characteristics of high, strong and sustainable yield," the note concludes.
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Google Finance

Hays plc LON:HAS) Watch this stock - website http://www.haysplc.com/

Carillion plc (LON:CLLN) Watch this stock - website http://www.carillionplc.com

Goldbug100 - Carnival (NYSE: CCL) Nomura rates the shares a "buy" Target price 3300p

Third quarter results announced last week by Carnival (NYSE: CCL) were ahead of Nomura's expectations, prompting the broker to raise full year forecasts for the cruise operator.

Nomura has upped its earnings per share forecast for the current year by 5% to $2.47 while the 2011 figure has been jacked up by 10% to $3.00. The 2010 forecast, even after the upgrade, still puts Nomura's figure just below the company's own guidance range of $2.48-$2.52 earnings per share, based on a net revenue yield improvement of 2.5% year on year. However, looking beyond the current year, the broker is more optimistic. "Slower industry capacity growth (3-4% pa from 2012), cyclical recovery in net yield, which remains c7% below its 2008 peak and strong value credentials, together lead us to forecast above-trend net yield growth over the next few years," said Nomura analyst Nicholas Thomas.

The stock has, on average, traded at a price/earnings ratio (PER) of 17 over the past 20 year, a 17% discount to the US market's average PER of 20, according to Nomura. "However, this discount has closed during periods of above-trend yield growth," Thomas notes. "Given our above-trend yield forecasts, we believe that Carnival should trade at least in line with the US market." The broker rates the shares a "buy" and has a price target for the stock of 3300p.

CCL.L @ 3:15PM 2,576.00 p £3.48 0.12% - this leaves a potential upside of 724p to reach the target or 28.10%

Company website:
http://www.carnivalcorp.com

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Goldbug100 - Ceramic Fuel Cells (CFU.L) will receive approximately $3.9m from Oakvale Capital Limited,

If the writer´s memory is correct the share price plunged when it was learnt that thanks to it´s Investment advisor at the time it had lost money so this news is good for the company and it´s shareholders

Monday 16 August 2010

 

 

Company Announcement

 

CERAMIC FUEL CELLS TO RECEIVE $3.9 MILLION FROM LEGAL CASE

 

 

Ceramic Fuel Cells Limited [AIM/ASX: CFU], a leading developer of high efficiency and low emission electricity generation units for homes and other buildings, will receive approximately $3.9 million from a legal case against its former investment advisor.

 

In late 2009 Ceramic Fuel Cells began legal action in the Federal Court in Melbourne against its former investment and treasury advisor, Oakvale Capital Limited, relating to losses suffered by Ceramic Fuel Cells on financial investments.  The litigation was funded by ASX-listed litigation funder IMF Australia Limited.  IMF is paying the costs of the litigation, including the Company’s legal costs, in return for an agreed share of any judgment or settlement sum. 

 

Ceramic Fuel Cells and IMF have agreed to settle the case against Oakvale Capital Limited, with Oakvale’s insurer to pay the agreed settlement sum by 27 August 2010.  After legal costs and IMF’s agreed share of the settlement sum, Ceramic Fuel Cells will receive approximately $3.9 million including GST. 

 

---

 

All CFCL announcements are also available at ASX's website  (If your browser does not support links, go direct to www.asx.com.au and search for announcements by CFU.)    

CFCL's AIM announcements, and current AIM price, is available at www.londonstockexchange.com (code CFU). 

More information about CFCL - including presentations, announcements and images for download - is available at www.cfcl.com.au  

Regards,  

Andrew Neilson
Group General Manager Commercial CERAMIC FUEL CELLS LIMITED
Tel: +61 (0)3 9554 2300 

Email: investor@cfcl.com.au

PRICES

Date Open High Low Close Avg Vol Adj Close* Aug-10 12.00 13.05 10.95 11.54 371,200 11.54 Jul-10 9.25 12.00 8.40 11.75 654,600 11.75 Jun-10 9.62 10.02 8.75 9.00 641,000 9.00 May-10 12.25 12.50 8.26 9.75 1,794,000 9.75 Apr-10 12.75 14.00 11.25 12.50 1,022,700 12.50 Mar-10 9.75 13.75 9.50 12.53 1,167,800 12.53 Feb-10 10.00 10.30 8.10 9.26 984,500 9.26 Jan-10 12.50 13.73 9.62 10.10 862,500 10.10 Dec-09 13.25 13.25 11.60 12.35 740,900 12.35 Nov-09 12.75 13.75 11.75 12.50 584,100 12.50 Oct-09 16.75 17.40 11.00 13.25 923,600 13.25 Sep-09 10.25 17.50 9.51 16.65 790,800 16.65 Aug-09 8.75 11.25 7.85 10.20 1,471,200 10.20 Jul-09 8.38 9.50 7.25 8.85 1,457,800 8.85 Jun-09 7.47 10.00 7.00 8.25 2,852,700 8.25 May-09 3.62 12.84 3.50 7.45 8,112,200 7.45 Apr-09 3.25 4.00 2.80 3.50 2,874,000 3.50 Mar-09 3.38 4.75 2.75 3.60 1,508,400 3.60 Feb-09 2.62 7.10 2.00 4.85 4,364,300 4.85 Jan-09 4.75 5.10 2.05 2.50 2,740,200 2.50 Dec-08 7.75 7.70 4.50 5.00 385,100 5.00 Nov-08 5.12 9.50 5.50 7.50 339,700 7.50 Oct-08 14.75 16.88 4.50 4.50 1,799,800 4.50 Sep-08 20.25 21.00 14.00 14.00 999,100 14.00 Aug-08 18.50 22.60 17.25 19.75 580,000 19.75 Jul-08 19.00 21.00 16.00 18.42 398,400 18.42 Jun-08 20.50 25.75 18.50 19.24 438,400 19.24 May-08 23.25 25.00 19.00 20.00 366,300 20.00 Apr-08 21.50 26.92 21.25 23.42 238,500 23.42 Mar-08 27.50 27.80 21.00 21.38 398,700 21.38 Feb-08 21.25 33.00 18.50 27.00 2,683,900 27.00 Jan-08 24.50 25.00 18.00 21.15 804,700 21.15 Dec-07 29.75 30.00 23.00 24.05 554,000 24.05 Nov-07 34.50 35.50 29.05 29.80 931,000 29.80 Oct-07 35.50 38.00 34.00 34.50 323,000 34.50 Sep-07 35.50 38.00 32.00 35.75 297,200 35.75 Aug-07 43.25 44.00 32.00 35.00 637,400 35.00 Jul-07 43.00 47.00 42.88 43.50 977,300 43.50 Jun-07 39.50 46.00 37.00 42.70 1,448,100 42.70 May-07 46.75 60.35 40.00 42.00 442,600 42.00 Apr-07 47.75 49.00 45.50 46.00 698,700 46.00 Mar-07 45.00 50.00 40.50 47.20 774,900 47.20 Feb-07 49.50 54.00 38.00 44.50 1,917,600 44.50 Jan-07 47.50 54.50 39.92 49.65 1,436,600 49.65 Dec-06 29.75 50.00 28.50 47.60 1,253,900 47.60 Nov-06 30.75 32.50 29.00 29.25 463,800 29.25 Oct-06 29.50 31.50 26.50 30.74 2,568,100 30.74 Sep-06 27.50 30.00 26.50 29.00 1,118,800 29.00 Aug-06 28.00 28.44 25.75 27.75 414,500 27.75 Jul-06 26.25 28.50 24.75 27.75 1,027,300 27.75 Jun-06 25.25 27.25 21.50 26.00 1,141,500 26.00 May-06 29.12 32.00 24.00 25.43 1,121,200 25.43 Apr-06 31.00 32.50 28.00 29.12 1,081,700 29.12 Mar-06 24.50 34.75 22.50 31.12 3,335,000 31.12 * Close price adjusted for dividends and splits.

Goldbug100 CONNAUGHT (CNT.L) we did warn last saturday that this one was not for widows and orphans

Shares in social housing maintenance group Connaught (LSE: CNT.L) were sharply lower again as it holds emergency talks with banks over a possible debt-for-equity swap that would wipe out shareholders.

At the close 4:35pm: 11.00 p   4.50 (29.03%) 

In our article on Saturday we said that we suspected that retail investors had moved in when the price hovered above 30p late in July: that we had considered adding to our fund but decided against it, preferring to sit on the sidelines and watch.

Sometimes in investing you must follow you gut instincts and this was one such case - We will still watch events just in case 

Goldbug100 Shore Capital Group PLC ( LSE: SGR.L) increases holding 100% at £0.26875

The fund after very careful consideration decided to double it´s holding in Shore Capital today, setting a limit of 27p but managed to obtain at 26.875p.  

 

Yahoo1 year share price target is 43.00 p. It gives the earnings per share as 27.20p with a dividend and yield of 0.30 (1.12%). However the last annual report shows that the company paid a second interim dividend of 0.625p bringing the total 0.875p so evidently Yahoo only showed the first interm dividend. This indicates a yield of 3.255% not 1.12%. Net asset value per share is shown as 57.0p (2008 - 25.4p). Earmings per share - Prior to the addition of the goodwill credit, the Group generated earnings per share of 3.81p (2008 - 0.01p) including the credit from negative goodwill, earnings per share were 27.18p. Total return to shareholders (net asset per share growth plus dividends paid) over the last 10 years - over 40% pa - highest of peer group. Subject to any downturn there does seem room for the Bank to increase the dividend as it is well covered. Full details of Shore Capital can be found below by clicking on the links. Historically before the 2008 fallout the historic high was in the region of 100p

 

Shore Capital is a UK investment banking group which specialises in equity capital market activities and investment management in alternative assets.
www.shorecap.co.uk/

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