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Three Quick Facts: DFS, Distil, Molten Ventures

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

#1. Profit forecasts slashed at DFS

A pre-close trading statement from DFS LON:DFS paints a downbeat picture with shipping delays and tough market conditions seeing full year profit guidance reduced by more than 50%. Management do however note improving market conditions in the final quarter of the year with sales up 9% in the period so far and whilst consumer demand remains difficult to judge, the expectation of falling inflation and interest rates should prove favourable.

#2. Distil cuts costs, optimistic over outlook

AIM listed premium drinks maker Distil LON:DIS has full year numbers out today with highlights including a 21% increase in exports and a 39% reduction in logistical costs. Turnover is up 15% and gross profits have risen by 8%, despite market conditions remaining challenging. Management are optimistic that the positive momentum will allow the company to build on the success of FY24, although operating losses continue to build.


#3. Molten Ventures shares continue to trade at significant NAV discount

Full year numbers are out from Molten Ventures LON:GROW today, noting gross portfolio value as being broadly flat but the per share NAV stands at 662p, around double the underlying share price. Management report a productive year and add that they expect to see a step up in realisations, which should put around £100m back onto the balance sheet this year, Shareholders however won’t be on course for a quick boost as the money will be used for NAV accretive opportunities.

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

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