Nick Raynor, investment adviser at The Share Centre, gives his thoughts on what to expect from companies announcing results next week (w/c 8 August 2011).

Tuesday 9 August 2011

Intercontinental Hotels (IHG.L) - Interim results

Intercontinental Hotels issued a reasonably positive trading update back in May and this one is expected to be no different. World events have caused uncertainty but with the group's international exposure there is always going to be some weakness somewhere amongst its divisions. Providing Intercontinental Hotels has no surprises in store, it will no doubt remain our preferred pick within the hotel sector.
BUY.

Greggs (GRG.L) - Interim results

Warmer weather does not usually bode well for Greggs - who wants to buy a hot pie or pasty in baking hot weather? Its range of products is improving but margins are starting to be stretched and we wonder just how far the business model can go. These figures will be very interesting to read and we hope the trend is an upward one.
BUY.

Friday 12 August 2011

Enquest (ENQ.L) - Interim results

The affect of the North Sea tax will be the most important detail from these figures in my opinion. We know margins will be hit and profits will suffer, but don't know by how much or when will it start to really hurt. We like that Enquest is an independent oil company however it may not be up to them to keep it that way for much longer.
BUY.

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