Tight Squeeze

Fasten your seatbelts – consumer spending is getting tighter by the hour. High interest rates and the cost of a pint and a packet ciggies is detering Joe Public from stretching the purse strings just that little bit more – well, let’s face it, what you haven’t got you can’t spend.
Woolworths are expected to slash dividends – could it get any worse for WLW, probably not. Payment last year 1.8p – this year’s expected payment only 1p.
Other losers in line for big reductions are DSG International. Expected half dividend total in June … 4p. We rekon that DSG is on a target price of 53p which compared to the current price of 67.5 is set to drop by 21%. According to our Italian sources, the group’s losses are expected to rise to £30,000,000.
Another retailer struggling to make ends meet is PC World.
But it’s not all doom and gloom, on the up and up with a sustainable dividend yielding 5.7% are HMV. Carpetright (CPR) is doing even better at 6.6%

Big Brother’s watching you!

In times of investment and so-called money laundering, the government is always looking for ways to catch you out – the poster at the rear of one of London’s theatres seems to really sum things up – a well presented piece of advertising, don’t you think?

Look who’s laughing now…

Having trouble paying your mortgage – in danger of being evicted – I know, all I can afford is a rented room in a squalid damp excuse of a house.
Well, look who’s laughing at you and me right now – the best paid chief executives in 2007.
Yes, here they are, the Building Societies finest:
1. Skipton’s very own man of the moment John Goodfellow on a salary of some £642,000.
2. Trailing in second place is Yorkshire’s Iain Cornish on £479,000.
2. In joint second is Ian Ward of the Leeds equally earning £479,000.
4. Slipping slightly behind is Peter Griffiths of Principality with £453,000.
5. And last but by no means least, Matthew Bullock on a paltry income of £452,000 courtesy of Norwich and Peterborough.
If you are a shareholder who voted to accept these fat cat’s salaries, then let’s hope they stay afloat – remember Northern Rock?

What’s up, What’s down?

They say the ceiling is definitely up – but as ceilings go, they have to stop and not always at the top. Take for example Vodaphone, their shares fell almost 4 per cent after claims that regulators were preparing to take action that would cut European core earnings – Anyone hear alarm bells ringing? And after allegations of misconduct involving contracts, the United States has banned IBM from taking on any new Federal Government business – Ouch! Anyone connected with IBM is invited to leave a message – what really happened with that contract?
In a deal worth £142,000,000 Close Brothers Private Equity has purchased Energy Cranes; they provide the offshore gas and oil industry with cranes and mechanical services – shares should be set to rise here.
When I left school, I wanted to be a radio DJ and everyone laughed – they didn’t laugh at Chris Evans though, did they? Incidentally, I met Chris in London a couple of months’ back… yawn!!! Hey Chris, how did you make so much dough?
What’s the connection I hear you ask – well, if shareholders agree then the UK’s largest listed commercial radio company, GCap Media plan to go private – yesterday’s recommendation a formal offer of 225p per share from Global Radio – If it’s agreed then shares can be expected to rise – Let’s wait and see.
Who had a Scalextric racing set when they were kids – yeah, me too. I just learnt that shares in Hornby are tumbling – closed at just over 187p – time to sell people. I’d like to hear from someone connected with Hornby so that we can get a clear picture as to what the problem is.