Posts in LSE:CGS

Centrica plc isn’t the only dividend share I’d dump today

I have long had my reservations about FTSE 100 supplier Centrica (LSE:CNA) given the increasing stresses it faces across its operations.

But the energy giant is not the only income share I'd dump right now. Castings (LSE:CGS), for one, would also be on my 'sell' list today.

Castings continues to see steady demand

Demand from Castings' main customers remains steady, shareholders at the annual general meeting today will be told.

Chairman Brian Cooke will say this represents a continuation of the outlook given in the statement in June.

He will say: "Our efforts remain focused on developing work with both existing and new customers, with a concentration on core business that can be produced and machined within the group.

"We continue to invest in production techniques and technologies to improve our productivity and profitability."

A top-ranked, contrarian long-term investment

A top-ranked, contrarian long-term investment

Ever since companies analyst Richard Beddard has been ranking shares, this stalwart has been near the top of the list. Here's why.

Top ranked shares for the future

Top ranked shares for the future

After upgrading his decision engine, companies analyst Richard Beddard thinks he's got to the heart of investing and the reasons we so often make mistakes.

Why these two dividend stocks could be retirement cash cows

Waste management group Biffa (LSE:BIFF) has published its first full-year results since its return to the London stock market in October 2016, after eight years of private ownership.

Revenue excluding landfill tax payments rose by 8.3% to £898.8m last year, while underlying operating profit rose by 18.1% to £73.8m. The figures highlighted the improving profitability of the group's operations, with Biffa's underlying operating margin rising from 6.7% to 7.5%.

Castings revenues and profits fall

Pre-tax profits at Castings fell to £15.9m in the year to the end of March - down from £19.7m last time.

Revenues of £118.8m were down from £132.4m and gross profits fell to £30.2m from £34.0m.

The directors have recommended an increase in the final dividend to 10.59 pence per share (2016 - 10.33 pence per share).

This would give a total normal distribution for the year of 13.97 pence per share (2016 - 13.71 pence per share).

Chairman B. J. Cooke said: "Despite a reduction in output during the year the foundries maintained a good profit level.

Castings schedules FY results

Castings will announce its final results for the year ended 31 March on 14 June.

At 8:39am: (LON:CGS) Castings PLC share price was -0.5p at 462p

Seven shares for the future

Seven shares for the future

Rising share prices have shrunk the number of companies recommended by Richard Beddard's Decision Engine to just seven.

2 supercharged income stocks trading at bargain prices

With valuations across the LSE rising and traditional income champions such as banks and miners still paying out relatively meagre dividends, income investors may appear to be bereft of sanely-valued options. But I have good news as digging around on the AIM has revealed two great stocks trading at under 15 times earnings while offering dividend yields above 4.5%.

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today reaffirms its add investment rating on Castings PLC (LON:CGS) and raised its price target to 460p (from 410p).