Good morning, it’s Paul here!
I’m going to start today’s report by catching up on several stocks from yesterday, then on to today’s announcements.
I see that Halfords (LON:HFD) has reported on its Christmas, and year to date (ending 03/2018) trading. It seems to be doing well at the retail sales level (with cycling being the biggest growth area). However, group profit only expected to be broadly in line with current market expectations. I refuse to shop in Halfords after they stung me for about £3-4 (I forget the exact amount) for a tiny pack of washers that was of vital importance to me at the time, that was only worth about 10p, if that. Retailers need to learn that today’s high gross profit margin is tomorrow’s lost sales from an alienated customer.
Several readers yesterday asked me to look at:
City Pub (LON:CPC)
Share price: 169.5p (up 1.2% yesterday)No. shares: 56.5mMarket cap: £95.8m
Trading update
The City Pub Group, the owner and operator of premium pubs across Southern England, is pleased to announce a 2017 trading update.
For the year ended 31 December 2017, like for like sales…