This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Cairn Energy 2018 op loss $182m, pre-tax loss $1.27bn, $166m impairment on Kraken reserves, $713m loss on Vedanta sale; forecasts 2019 CAPEX $300m (+19%), production seen 19-22K barrels/day (2018: 17.5K); plans material exploration, targeting 1bn barrels, supported by cash flow.
Sirius Minerals has conditional proposal from major financial institution for stage 2 financing; considered more flexible than existing lenders, replaces recently touted $3bn multi-tranche structure.
Domino’s Pizza FY group sales +9% (UK like-for-like +4.6%, IRL +4%), underlying pre-tax profit -1.1%, net debt +127.9%. Final div +3.8%. Expects 2019 UK/IRL growth, but less store openings amid ongoing franchisee dispute; International to break even despite Nordic challenges.
888 FY revenues flat (B2C -2%, B2B -8%, released £10.7m in accrued VAT, positive swing in exceptionals), adj. pre-tax profit +11%. Final div +1.6%, special div -64% (FY: -21.3%). Positive 2018 momentum continued into Q1’19, avg. daily rev. +10% QoQ, UK trading trends improving.
G4S FY underlying revenues +1.1%, adj. pre-tax profit flat after £100m provision for California class action settlement, op. cash flow -12.2%. Secure Solutions revenues (78% of group) +3% organic, but notes challenging trading in Cash Solutions (organic ex-Retail -9.3%). Div flat. Cash Solutions separation review ongoing, received unsolicited acquisition offers.
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| POLYMETAL | POLY | 2.2% | 3.6% | -0.4% |
| ONESAVINGS BANK | OSB | 9.8% | 9.8% | 4.3% |
| CHARTER COURT FINANCIAL | CCFS | 9.3% | 11.0% | 2.4% |
| CAIRN ENERGY | CNE | -12.7% | -4.3% | -13.1% |
| KIER | KIE | -13.5% | -10.1% | -19.6% |
| CLARKSON | CKN | -15.0% | -3.8% | -17.4% |
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Prepared by Michael van Dulken, Head of Research