Great News Today!!!

I had 3 RNS this morning, from Greencore, Red Rock and Tristar Resources.

Greencore Group issued their annual results which were good, sales up 8.7%, profit flat and EPS up 20%!! Bearing in mind the costs associated with the Northern Foods merger and the UNIQ takeover. The bottom line for me is that the final dividend is 2.3c which is a good incentive not to sell! 20000 shares were bought in the first 15 mins of trading so I suspect that the market liked the news.

Good news from TSTR with Interim Sampling Results for Stanley Claims Geochemical Programme in Canada. These gave a good indication of antimony plus other minerals like gold and silver. It was not the news I was looking for, the JORC on Goynuk, but it was good news anyway. The market seemed to like the news and the sp was up 0.2p and several million shares had been traded early on.


The final RNS was the gold sales  update from Redrock for its Columbian El Limon mine. These were up 2.3% but no great shakes really. They also said that the results in December would be lower because of the holidays and maintenance. The market wasn't so keen on this and the sp dropped!

Interesting week

Funny old week really.I was tempted to buy some Bank of Ireland BKIR shares last week but bottled out and didn't only to see them go from 37c to 48c in the course of a week. Ah well. MY big news was the statement from Greencore Limited GNC, who issued an interim profit statement showing it would increase profits by 21% this year! Then there was a flurry of RNS all week as they are going to merge with Northern Foods NFDS to form a new company. Shares in both companies went up and I am going to buy more GNC shares next week as the divi date is Dec 3rd.I feel that this is a company to build up a holding in in order to get a good dividend. Currently, the dividend is 4c so on an sp of €1.31 that is about 3% return which is better than the bank.
After Vog announced that they were issuing more shares, the sp fell but recovered a little to close at 5.4p for the week. So I am still in profit and looking forthe sp to rise until it hits 10p.