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
InterContinental Hotels acquires Six Senses Hotels Resorts Spas (brands, operating companies, not real estate) from Pegasus Capital for $300m cash. Adds 16 luxury hotels and resorts, with another 18 in pipeline and 50 under discussions.
Smurfit Kappa FY revenue +4% (missing +6.5% consensus), underlying revenue +7%, EBITDA +25% (in-line), swings to €404m pre-tax loss after €1.3bn non-cash charge for deconsolidated seized Venezuelan operations, adj. op. profit +35% (in-line), free cash flow +61%, net debt +11%. Input cost recovery at upper end of expectations. FY total dividend +11%. 2019 started positively.
Tullow Oil FY revenue +7.8%, $85m pre-tax profit (vs $175m loss), free cash flow -24%. Capex +88% to $423m, FY’19 capex forecast +34.7% to $570m. Reinstated dividend and expects $100m+ 2019 dividend (extra payouts if strong cash flow). Expects 2019 production up 6-15%.
Galliford Try sees FY at upper end of consensus. Cautious about political uncertainty, medium-term macro outlook. H1 pre-exceptional revenues -5% YoY, pre-tax profit +4%, net debt -53% (avg net debt now below guidance), div -18%, completions +6.6%, fwd sales +8.8%, Order book -3.3%.
Dunelm H1 pre-tax profit of £70m misses £73m consensus (+24.3%, underlying +16.7%), on revenues +1.2% (+6.9% underlying; stores +3.8%, online +35.8%), Free cash flow triples, net debt -45%, div +7.1%. on track for FY estimates, Brexit uncertainty means purchasing incremental stock.
Hochschild Mining suspends operations at Arcata precious-metal mine in Peru (already fully impaired for accounting reasons) due to low silver price and geological conditions.
(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 |
| TUI | TUI | -2.9% | 4.8% | -3.5% |
| PLUS500 | PLUS | -31.2% | -27.3% | -39.9% |
| INTL CONS. AIRLINES | IAG | -0.4% | 1.7% | -0.5% |
| WILLIAM HILL | WMH | -1.7% | 1.7% | -2.3% |
| PADDY POWER BETFAIR | PPB | -0.7% | 2.1% | -1.5% |
| GVC | GVC | -0.2% | 3.6% | -0.2% |
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Prepared by Michael van Dulken, Head of Research