Nick Raynor, investment adviser at The Share Centre, gives his thoughts on what to expect from companies announcing results this week (w/c 15 August 2011).

Tuesday 16 August 2011

John Menzies (MNZS.L) - Interim results

John Menzies may well be associated with the newspaper industry but in previous results it was the avionics division which caught our eye. Since then there have been acquisitions and the company is still looking for potential targets to further enhance its growth. More is expected from this update - even in these turbulent markets.
NO RECOMMENDATION.

Wednesday 17 August 2011

Eurasian Natural Resources (ENRC.L) - Interim results

In the latest update from Eurasian Natural Resources it was noted production was at maximum capacity. For us this is a worry as there looks to be no sign of extending capacity or acquisitions. This restricts the growth potential and any potential problems with production will see the company fall short of estimates. We shall watch for any further information from this update.
SELL.

Friday 19 August 2011

Stobart Group (STOB.L) - Trading statement

Stobart Group was a favourite of ours until it looked at re-organising the company and a puzzling share issue to institutions. However, still firmly in our minds is the potential on offer from Stobart. The project in Southend looks to nearly be complete and could show real benefits - we hope there will be a mention of this on Friday. Oil prices have been higher recently and this will undoubtedly have an effect on profits.
NO RECOMMENDATION.

To receive more relevant articles like this one, why not sign up to our weekly newsletters, click here