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16 June 2021
10:54 hour

Halma’s profits rise to new record, dividend hiked for 42nd straight year

The Motley Fool UK

10/06/2021 - 18:05

The Halma share price has just fallen from recent record highs. But today the company put out another perky trading update. Here are the key points. The post Halma’s profits rise to new record, dividend hiked for 42nd straight year appeared first on The Motley Fool UK.


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    The FTSE 100 protective technology and equipment provider, Halma (LSE: HLMA), released its full-year numbers today. But its share price has barely moved. This, to me, is a perfect example of a stock whose results are ‘priced in’, a term we often hear in investing commentary. I think this is a good sign, because it indicates that the company’s performance is predictable. In this case, it was predictably good, which is even better.  A robust FTSE 100 stock Halma’s statutory pre-tax profits are up 13% and dividends per share are up 7% for the year ending 31 March 2021. Statutory numbers are those reported for government purposes. Because they use a standardised method, they are also helpful in making comparisons across companies.  This marks another successful year for the company, even with a 2% decline in revenue. I am not worried about this decline though, because it is limited. Moreover, the pandemic impacted Halma’s first-half performance, though revenues were up in the second-half. As I see it, the fact that it is a pricey stock, with a price-to-earnings ratio of 57 times, could be its real downside. I still think it is a good stock to hold for the long term, however. The last time I wrote about it, its P/E was 46 times. As I said then, you pay a premium for a high-quality stock, and I still would for Halma.  FTSE 250 stock with potential In sharp contrast to Halma, the stock markets have reacted sharply to annual results from Mitie Group (LSE: MTO), also released earlier today. The FTSE 250 provider of cleaning and facilities management services has seen a 5% jump in share price. I reckon this is because of its robust outlook for the next year. In his comment on the results, CEO Phil Bentley says that next year “will be materially ahead of our prior expectations”.  As an investor, I am particularly encouraged by the trends in contracts. At 96%, the contract renewal rate is at an all-time high. New contracts are described as both “significant” and “high quality”. Moreover, these are expected to be a reason for the company’s improved performance next year. Going by this, I am hopeful about Mitie’s future.  On the flipside, the latest numbers are not entirely strong. Its revenue grew by a robust 19% for the year ending 31 March 2021, but its operating profit is down by a huge 26% because of the pandemic. The pandemic is not yet over, so I am not ruling out some continued impact on its profits.  My takeaway for Mitie Group Keeping in mind both the latest results and the outlook, I think the share price can rise more. It seems to have been impacted far more than what is visible in its financials. Its share price is actually down by 13% from the year before. And it is way below its pre-pandemic levels too. It is a buy for me. But if I was being really risk averse, I would wait for another update before buying the stock. The post 1 FTSE 100 and 1 FTSE 250 stock I’d buy today appeared first on The Motley Fool UK. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Halma’s profits rise to new record, dividend hiked for 42nd straight year The Mitie share price is rising today: should I buy now? 3 FTSE 100 stocks to buy in June 3 penny stocks I’d buy in June Penny stocks: 1 to buy for June Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has recommended Halma. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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    Lloyds Bank (LSE: LLOY) had a hard 2020, to be sure. But the Lloyds share price has come a long way from its lowest point. It has doubled, in fact.  Why the Lloyds share price could underwhelm There is much to like about Lloyds Bank as a company. It is one of the UK’s largest banks, with a long legacy. The bank has recovered from more than one downturn. It is profitable even at a time when interest rates are low and retail banking is its biggest income generating segment.  But there are challenges to it as well. Being UK-centred is great when the economy is booming, but a recession here would impact Lloyds Bank more. Peers like HSBC would be more protected because they are geographically diversified. Brexit is likely to impact it more too.  Moreover, Lloyds dividends are capped by the banking regulator for now. As a result, it has a low dividend yield of 1.3%. While this is a temporary restriction, I reckon it is holding the Lloyds share price back. Pre-pandemic, a high dividend yield made it an attractive stock.  I think it is because of these reasons, and the fact that the UK is still partly in lockdown, that the Lloyds share price is held back even now. At its last close of 43p, the share was 27% below the levels where it started 2020.  Will it come back to those levels? It could, but I am not holding my breath. If past trends are anything to go by, the Lloyds share price is unlikely to grow consistently.  What I’d do now Much as I want to get behind the stock, purely because the bank has strong credentials, I would like to see its performance post-pandemic for longer before making a call. In the meantime, I will focus on fast growing stocks that have far more predictable share price trends. Or at least are less pricey than the Lloyds share, which has a price-to-earnings (P/E) ratio of over 35 times right now.  FTSE 100 stocks I like FTSE 100 stocks like Spirax-Sarco Engineering and Halma, the provider of technology solutions for safety, are two examples of companies that have seen broadly rising share prices.  Both of them are ahead on the key metric I am tracking right now to assess established companies’ financial health right now – profits. They reported profits in 2020, despite the year being what it was. In my view, this positions them well for a year when growth will return. However, they have higher earnings ratios, than Lloyds, which needs to be kept in mind.  I also like FTSE 100 miners, all of which have consistently lower earnings ratios than Lloyds Bank. Among these, I like Rio Tinto right now, which has come off its highs. Others like Glencore and Anglo American, on the other hand, are touching multi-year highs at present.  One catch to miners is that their rally is being driven by huge public spending, primarily from China. If that were to slow down, their fortunes could turn. But whether that will happen is a matter of some debate.  There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Don’t miss our special stock presentation. It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about. They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market. That’s why they’re referring to it as the FTSE’s ‘double agent’. Because they believe it’s working both with the market… And against it. To find out why we think you should add it to your portfolio today… Click here to get access to our presentation, and learn how to get the name of this 'double agent'! More reading What does Lloyds’ final dividend payment mean for shareholders? Here’s why I expect the Lloyds share price to have a great 2021/22! Why I’d ignore the rising Lloyds share price and buy other UK growth shares Are Lloyds shares making a comeback? I was right about the Lloyds share price! Here’s what I’d do now Manika Premsingh owns shares of Glencore. The Motley Fool UK has recommended Halma, HSBC Holdings, and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post The Lloyds share price is rising, but I’d buy these stocks instead appeared first on The Motley Fool UK.
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  41. A plea for the dividend (18/04/2021 - Reddit Stocks)
    Many investors nail down "dividend investing" to a % number. In my opinion the current dividend yield isn't even half the story of what dividend investing is about. And also I believe dividend investing is a very bad term. You're not investing in a dividend, you're investing in a company that happens to distribute some of it's profits to shareholders in cash which is called a dividend. Depending on the circumstances these realized gains are taxed, but by having realized the gains you've taken out some risk from the investment without having to reduce your stake in the company. Even if a company goes bankrupt you can have a positive ROI if you've collected enough dividends along the way. Personally, I don't invest in companies which don't pay a dividend. This is because companies that pay a dividend know their damn purpose. If a company is committed to paying a dividend and has been doing so over a long period of time that has an effect on the management. Guess which company will use profits in a more responsible fashion for investing in the company, the one thats just throwing any profits they get into potential growth or the ones that only have 50% of profits available for investment? The dividend has a discilipining effect on the company. Some companies have hard commitments to increase their dividend every year. Often they already have a pretty high payout ratio. This commitment forces them to look for new growth opportunities and to be as efficient as possible with their expenses. Some companies don't manage to increase their profits for years yet their keep their dividend sustainable by finding ways to cut costs. Some dividend yields are distracting, on both ends of the spectrum. MSFT for example has been an incredible dividend grower. A dividend yield of currently 0.86% may seem low now but they've been growing the dividend at such a rapid pace that the yield will increase significantly over time if they continue to do so. When I bought MSFT in 2016 the dividend yield was slightly above 2%. Now my dividend yield based on what I paid for MSFT is 3.73%. The reason the MSFT dividend yield is so low now is because the market has priced in more future growth. This goes both directions. The reason some dividend yields are so high is because the market has priced in future decline. Which is bad news for the sustainability of a dividend. XOM and T may be examples of yields that aren't sustainable like GE and KHC turned out not to be sustainable. If these companies will have to cut their 6 to 7% dividend that I don't know, but the risk of that happening is certainly higher than with a company like MSFT that is only distributing a fraction of it's profits as a dividend. Even if a company pays just a small dividend I'd take that over nothing or too much because they can grow that dividend over time and if you hold long enough the yield based on what you paid can get into ridiculous areas. The dividend is what keeps things real and I don't only see it as a way of realizing profits but also as a filter to filter out bullshit companies. Sure that way some opportunities are missed but yet my dividend paying only company portfolio has outperformed the S&P 500 over the last 5 years by quite a bit and some companies have increased their dividend significantly since I bought them (MSFT, BLK, PG, SAP, UL, JNJ heck even O managed reasonable dividend growth despite covid and an already high dividend yield). By holding these high quality dividend companies I have an ever increasing cashflow into my portfolio without having to sell shares and I can use that cashflow to enter new investments which then again start contributing to my dividend cashflow. I don't have to put a single thought to selling as long as I believe these companies are paying their dividend in sustainable fashion. This means I also don't have to care about market valuation as long as decreasing valuation isn't because of reasons seriously threatening the business of my companies. I believe this way of investing is not only more mentally endurable but also more successful in the long run compared to trading around hyper growth stocks. I realize many don't have that much money to invest and the dividends they initially get may seem laughable, but I guarantee 99+% of people that enter the stock market with a get rich quick mentally will sooner or later get beaten down badly.   submitted by   /u/Cygopat [link]   [comments]
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  42. Apple posts record revenue, declares higher dividend payout – Check record date (29/04/2021 - Financial Express)
    The Company posted a March quarter record revenue of $89.6 billion, up 54 per cent year over year, and quarterly earnings per diluted share of $1.40.
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  43. What causes 30 year US Treasury yield to rise? (28/04/2021 - Reddit Stocks)
    I researched on the web and it seems bond yields fall if their prices rise and vice versa. It makes total sense to me. Now what is causing 30 year US treasury yield to rise? https://www.google.com/finance/quote/TYX:INDEXCBOE Is it because 30 years US treasury bills are issued at lower price? Does that mean only Federal Reserve's actions affect the bond yields?   submitted by   /u/FitSkirtShirt [link]   [comments]
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  44. How I’d aim to earn a rising passive income from dividend stocks (30/05/2021 - The Motley Fool UK)
    One of the best things about FTSE 100 shares is that they can help investors to generate a rising passive income for retirement. During the wealth-building phase, I would reinvest my dividends for growth. After I stopped working, I would draw them as income. Given that most companies aim to increase their dividends every year, that income should rise over time. I would then use it to top up other sources of retirement income, such as my State Pension and workplace one. That income may be ‘passive’, but it should allow me to enjoy an active retirement, by generating income to spend on the activities I enjoy. I’d buy FTSE dividend stocks for my retirement Dividend income is not guaranteed, of course. As we saw last year, companies are free to scrap or suspend their payouts at any time. That is why I would invest in a spread of stocks, to reduce the risk to my income stream from one or two doing this. Investing in top FTSE 100 dividend stocks is particularly attractive right now, when the average savings account pays 0.06%. It is possible to generate a passive income of 5% a year, and more than 7% on one or two companies. That is quite incredible, when I consider the alternatives. I don’t just look at the headline yield when buying dividend stocks. Sometimes a really high yield can be bad news, rather than good. Yield is calculated by dividing the dividend per share by the company’s share price. So if the dividend is 5p and the stock trades at £1, the yield is 5%. If profits slump and the share price crashes to 50p, that yield leaps to 10%. That looks great, but the company may struggle to fund shareholder payouts from shrinking profits. I plan to live on a rising passive income One way to work out if that passive income stream is sustainable is to examine the company’s dividend payout ratio. This is calculated by dividing the last full-year dividend by net profit. A number below 100% suggests payouts are affordable. I also examine dividend cover, and feel far more confident when the payout is covered twice by profits. Forward earnings projections (and recent growth) may also indicate whether the company can continue to generate the cash it needs to deliver the rising passive income I crave. Another way of seeing whether the passive dividend income is secure, is to examine prospects for the company’s sector. BP and Royal Dutch Shell have been a tremendous source of dividend income, but oil companies may struggle as competition from renewables grows. Every company is exposed to unexpected shocks, as we have seen in the pandemic. I would improve the odds by targeting companies with loyal customers, strong balance sheets, minimal debt, and a defensive ‘moat’ against competitors. Cash is 100% safe but is being eroded by rising inflation. By investing in top FTSE dividend stocks, my passive income will hopefully rise in real terms. This stock tempts me. The Motley Fool UK's Top Income Stock… We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign. But with this opportunity it could get even better. Still only 55 years old, he sees the chance for a new “Uber-style” technology. And this is not a tiny tech startup full of empty promises. This extraordinary company is already one of the largest in its industry. Last year, revenues hit a whopping £1.132 billion. The board recently announced a 10% dividend hike. And it has been a superb Motley Fool income pick for 9 years running! But even so, we believe there could still be huge upside ahead. Clearly, this company’s founder and CEO agrees. Learn how you can grab this ‘Top Income Stock’ Report now More reading What’s happening to the Cineworld share price? 2 UK shares I’d buy in my Stocks and Shares ISA in June 2 UK shares I’d buy in June 2 UK penny stocks I’d buy for my ISA in June 5 UK shares I’d buy with £5k Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post How I’d aim to earn a rising passive income from dividend stocks appeared first on The Motley Fool UK.
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  45. Earnings Results: Zscaler stock rallies on earnings, outlook beat (25/05/2021 - Market Watch)
    Zscaler Inc. shares popped in the extended session Wednesday after the cybersecurity company's quarterly results and hiked full-year outlook breezed past Wall Street expectations.
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  46. Hess hiked at Mizuho on higher sustaining free cash flow yield (31/03/2021 - Seeking Alpha)

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  47. Sensex, Nifty end in red for second-day straight; here’s what experts make of today’s trade (05/03/2021 - Financial Express)
    For the second day straight, Sensex and Nifty closed down in the negative territory, following global peers as US-Bond yields soared.
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  48. Malaysia Producer Prices Change (25/02/2021 - Trading Economics)
    Producer prices in Malaysia rose 10.8 percent year-on-year in February of 2017, compared to a 10.2 percent increase in January. It was the sixth straight month of rise in producer inflation and the fastest since October 2011 as cost went up for most sectors: agriculture, forestry and fishing (29.3 percent from 33.4 percent in the prior month), mining (35.7 percent from 42.8 percent), manufacturing (7.4 percent from 5.6 percent), electricity & gas (3.0 percent from 3.2 percent). In contrast, cost of water supply fell 0.1 percent, after remaining unchanged in the prior month. On a monthly basis, producer prices went up by 0.7 percent, compared to a 2.0 percent increase in a month earlier. Producer Prices Change in Malaysia averaged 2.86 percent from 2002 until 2016, reaching an all time high of 22.50 percent in June of 2008 and a record low of -18.20 percent in July of 2009. . This page provides - Malaysia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  49. The Ratings Game: Nvidia stock hits record high as analysts laud plans for an Arm-based data-center CPU (13/04/2021 - Market Watch)
    Nvidia Corp.'s stock traded at record highs Tuesday as analysts hiked price targets and chimed in on the chip maker's plans to branch out even further into supplying data centers with infrastructure.
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