Share Dealing Discussion Area

tradetime

AFAIK, I am guessing and cross referencing here with the US, but may spur some clever soul to dig up the correct definition, I suspect any accountant would be able to answer definitively.
I think, Interim Results are an unaudited half year summary of earnings, since the companies end of year official results. Assuming a Trading Statement is something different, then it may be the equivalent of US pre-anouncement season which is currently in progress, this occurs in the US quarterly, about half way between earnings, where companies "unofficially" update their projections for their next quarter results giving analysts and shareholders a taste of what to expect come reporting season. They cover pretty much what STT shows in the Tesco example, the one difference is that in the US pre-announce they give updates EPS and Revenue figures. Just a guess, I'm sure someone has an accurate definition and source.

Biggles

'Interim results' and 'Preliminary results' are the actual figures at 6 and 12 months respectively. Some companies also issue quarterly results.

A trading statement normally avoids giving any firm figures but gives guidance on the current trading of the company during the accounting period.

Trading statements were once issued very much ad-hoc and were usually Bad News (often a profits warning of some sort) but it has become more common to schedule them in advance, even if trading is going according to predictions.

I don't think any company is obliged by the LSE to issue a trading statement (unless there is some significant change) but stand ready to be corrected on that point.

sabretoothtigger

Banco Santander, Shell and BP all give quarterly dividends and probably also all give some results to go with that. Very nice yield and solid prospects on all relatively so real institutional income shares to hold

I believe Barclays has stated they will in future give a quarterly dividend (& results also probably) , helps calm jumpy investors maybe and stops them looking bad in speculation

10/11/09 10:00 Highlight Barclays Q3 Interim Management Statement
* In Aug, the banking group announced pre-tax profits of £2.984bn in the first half of 2009


10/11/09 11:00 Trading statement Q3 2009 Interim Management Statement

tradetime

I believe Barclays has stated they will in future give a quarterly dividend (& results also probably) , helps calm jumpy investors maybe and stops them looking bad in speculation

They will almost certainly give a quarterly statement, since they are listed in the US and are required to do so there.

silentscream999

hi guys,

did anyone invest in sunkar resources ? i know someone purchased 50,000 at around 15 pence just a few weeks ago and sold half on friday at 34p. he will hold on to rest incase it goes up.

he has made thousands literally!

sabretoothtigger

Never heard of them, sounds like he has got his original money back and 1k profit so not thousands yet


http://markets.ft.com/ft/tearsheets/businessProfile.asp?s=SKR%3ALSE

Another Kazakhstan commodity company. Theres something to be said for investing in the former USSR I guess


Didnt realise quarterly reports was an american thing, that'd explain why the bigger companies do this then

tradetime

Yup, earnings season in the US once again kicks off next month, with Alcoa marking the unofficial beginning on October 7th.

tafer2uk

Hope somebody can help me out here.

A company I have got shares in has just stated it plans to de-list from the AIM, the board seems to have unanimously agreed the proposal and is putting it forward at the next AGM. I have read that only 75% of shareholders need to agee to this to pass the motion. If as likely (members of the boards have a significant shareholding in the company) it gets approved does anyone have any idea how this may impact on me as a relatively small shareholder.

Am I likely to see the current share price collapse as people rush to sell their shares?

Can I be forced to sell my shares at what will be a loss if I were to sell at todays prices?

Can I keep my shares if delisted? And if so where would I then be able to sell them in the future if they aren't listed?

Thanks

John

Biggles

That happened to one of mine recently, but the share price had already declined so much by that time that the proceeds would have been eaten up by the dealing costs! Just out of interest, what company?

You will probably see a decline in the share price, for obvious reasons, but each case is different and, if you were planning to keep them anyway, a short-term decline wouldn't bother you too much. Arguably, as the company itself believes it would do better without the restraints and costs of being listed, you could do better to retain the shares - in the long run.

You can't (I believe) be forced to sell your shares in these circumstances, though it may depend on the terms of the delisting.

If you keep your shares, you will find it very hard to sell them, but not impossible. But the company may see the future as relisting in a couple of years time, or as being a takeover target, either of which may benefit you.

Tough call. I would normally sell as I prefer to be in control of my shares.

tafer2uk

Thanks Biggles

The company is ADL PLC

http://www.adlcare.com/

They have been through a rough few years now and have had them tucked away as a long term investment. I am in no rush to sell the shares, however at the same time I don't want them to be worthless (I know crystal ball springs to mind) or be in a position where should I want to sell them it takes years to find a buyer. I would have been happy to just sit on the shares until the markets , particularly the AIM recovers. This no lnoger seems an option now though.

I am actually fairly confident the company will turn itself round and it's decision to delist seems purely based on a lack of liquidity in the market, making the costs outweigh the benefits.