Doubled divi at KCOM
26th May 2011 16:49
Hull-based telecoms group KCOM leapt to a 52-week high on the back of a 40% increase in profits and a doubling of the full-year dividend. Underlying profit before tax in the year to 31 March rose to £41.2m from £29.4m the year before. Reported pre-tax profit soared to £32.9m from £19.2m. Earnings
Read moreBroker tips: Shanks, Enterprise Inns, KCOM
26th May 2011 12:32
Peel Hunts says that 2010/11 results from Shanks were 7% ahead of expectations after the waste management firm made "substantial" progress over the past 12 months, in regards to "expansion, contract wins, cash generation, cost reduction and financial stabilisation." Pre-tax profit for the year ende
Read moreBroker snap: KCOM's divi 'oozes confidence'
26th May 2011 12:25
KCOM's target price has been lifted by almost a quarter by finnCap, after positive preliminary results from the telecoms group, in which the dividend delivery and the guidance "ooze[d] confidence." "After the positive surprise at interims of significantly improved dividend guidance of 3.3p, KCOM's
Read moreKCOM cutting debt faster than expected
31st Mar 2011 18:10
Cash is rolling in at Hull-based telecoms group KCOM and debt at the end of March is expected to be below £85m, comfortably below current market expectations. "We have seen incremental growth in the multi-year contracted order backlog within Kcom during the second half of the financial year," the c
Read moreTechMARK movers: Debt reduced at KCOM
31st Mar 2011 13:21
KCOM is higher after it said that trading is in line with expectations but net debt will be lower than forecast. The telecoms firm has experienced growth in multi-year contracts. Net debt will be below £85m at the end of March 2011. Educational IT supplier RM says that its interim revenues will
Read moreBroker tips: Tesco, De La Rue, KCOM
28th Jan 2011 14:20
Nomura says that while Tesco's international operations are widely acknowledged as under-appreciated, the same can be said of its position in the domestic market as the retailing giant has the headroom to double the number of its UK compact hypermarkets. Analyst Nick Coulter says that Tesco has sco
Read moreBroker snap: KCOM to double in medium-term
28th Jan 2011 14:03
A bold statement from management on the growth possibilities of its communications integration arm, plus a still-attractive yield, has prompted finnCap to reiterate its "buy" rating for telecoms group KCOM. KCOM won several contracts during the third quarter, notably: applications integration for V
Read moreTechMARK movers: S&N hit by FDA letter
29th Dec 2010 12:17
There is little news from TechMARK companies today with many rises based on a handful of shares traded. Telecoms firm KCOM is higher after eight trades, all of which are purchases. The US FDA says that testing and validation methods at Smith & Nephew's Tuttlingen plant in Germany violate rules.
Read moreSector movers: Telecoms stocks surge ahead
20th Dec 2010 14:42
The fixed line telecommunications sector is performing well with BT leading the charge, seeing shares rise 2.69% Monday afternoon. KCOM Group, Cable & Wireless Worldwide and TalkTalk are also among the top performers in the sector. Alternative energy is lower with solar wafers supplier PV Crystalo
Read moreBetfair finance chief buys
15th Dec 2010 16:33
Betfair finance director Stephen Morana has bought £100,000 worth of shares in the betting exchange operator following yesterday's share price fall in the back of interim figures. Betfair floated in October at an offer price of 1,300p a share. It dipped below that price prior to the interims and a
Read moreTechMARK movers: NXT appoints new chairman
15th Dec 2010 13:50
David Bramwell has been appointed chairman of audio technologies developer NXT and immediately acquired 1m shares at 3.625p each. Dr Bramwell was previously a director of satellite communications firm Intelek, which was acquired earlier this year. He is a director of Rights and Issues Investment T
Read moreBroadband growth coming from mobile customers
2nd Dec 2010 09:56
Around 71% of UK homes now have broadband internet access, up from 68% last year, but nearly all of the growth is coming from mobile broadband services. The Communications Market Report (CMR) for 2010 from communications industry watchdog Ofcom shows that new customers for fixed line broadband serv
Read moreWednesday tips round-up: Severn Trent, Travis Perkins, Renold...
24th Nov 2010 06:48
Behind the as-expected headlines, water firm Severn Trent has a good story to tell. Most importantly, given the new pricing structure, Severn Trent's cost-cutting plans are on track. Operating expenditure is also in line with forecasts, and below the level set by the regulator. With a price-earnin
Read moreUK SMALLCAP ROUNDUP: KCOM Reaches Pension Deal With Trustees
16th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps KCOM GROUP PLC (KCOM.LN), a telecommunications firm, said Friday it has agreed to make pension deficit repayments worth GBP21 million over the next three
Read moreUPDATE: KCOM To Make GBP21M Pension Repayments Over 3 Years
16th Jul 2010 10:01
(Adds comment) By Tommy Stubbington Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. telecommunications provider KCOM Group PLC (KCOM.LN) said Friday it has agreed to make pension deficit repayments worth GBP21 million over the next three years, following a deal with pension trustees aiming
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