9 March Reuters “Management capitulated, doing the last thing you want to when trying to keep investors from jumping ship – slash the dividend”, Mike van Dulken, head of research at Accendo Markets commented. https://www.reuters.com/article/us-europe-stocks/no-set-trend-for-european-shares-as-focus-turns-to-u-s-jobs-idUSKCN1GL0ZU?il=0 8 March The Guardian Mike van Dulken of Accendo Markets says Countrywide is suffering from its own mistakes, as well as…

2 March The Telegraph (Link) Mike van Dulken, head of research at Accendo Markets, said: “After October’s profits warning management would only offer this special dividend if it was confident in the outlook and views the current financial position as strong enough to wear the cash outflow and not jeopardize future commitments, including small [to] mid-sized…

23 Feb CNN Money (Link) “While CEO [Willie] Walsh praised the results as ‘very good’ in the face of a transformational period, the results don’t necessarily leave investors any clearer as to how current restructuring will benefit the group in the long-term,” said Henry Croft, research analyst at Accendo Markets. 22 Feb Financial Times (Link)…

16 Feb Reuters (Link) Among individual risers, shares in Segro bounced 6.6 percent after the property group beat consensus expectations in its results for 2017.“A solid report card, with attractive fundamentals and an outlook which are sure to maintain interest in what is perhaps the more conservative end of a steady-eddy sector,” Mike van Dulken,…

9 Feb Interactive Investor (Link) “UK Index Utilities remains a sector under extreme pressure, down another 1% this morning and underperforming the wider market, failing to display the defensive attributes that would normally have one rushing to their safe revenue, profit and dividend streams. Especially during a market volatility storm such as that which we were…

2 Feb Interactive Investor (Link) “With the test and measurement businesses in question accounting for around 25% of the division’s revenues and 42% of its underlying profits, this begs the question why management is selling two businesses with a higher aggregate 14.7% margin. The sale may well be only “slightly dilutive” for the group’s margin (a…