Skip to content
 

Three Quick Facts: Persimmon, Domino’s, BATM Advanced Communications

*

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Sluggish property market hits Persimmon – yet prices still rise

Full year results from housebuilder Persimmon [LON:PSN] are released today, reflecting the struggling state of the residential property market. Completions are down by a third but average selling prices are still edging higher, although not in any way that helps protect margins, down from 27% to 14%.

Pre-tax profits have been halved although the dividend is being maintained. In a sign that the market is improving the forward sales position is up by just under 5% as pent up demand begins to work through, although management note that the outlook remains uncertain.

#2. Domino’s sales advance and new mid term targets set

Domino’s Pizza Group [LON:DOM] also has full year numbers out today, with group revenues up 11% and earnings per share advancing by 5%. Management have upgraded medium term targets, with system sales – so including franchise operations – set to add 30% over the next 5 years.

Food cost deflation is also being eyed which should further help improve performance and the company is set to launch some new value-based products including a £4 lunch deal, allowing better use of assets at different times of the day. EBITDA growth for the year is set to be in the mid to high single percent range.


#3. BATM full year results show very modest financial improvement

BATM Advanced Communications [LON:BVC] has full year numbers out today showing modest revenue and profit growth, although gross margins have slipped back fractionally. The company is in a phase of pivoting as it implements a revised strategy, is exploring MA opportunities and notes that it has a significant backlog of cybersecurity orders. This does feel as if it may however be lacking the wow factor to inspire investors.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
Pepperstone
WisdomTree
CME Group
Back To Top