Interims: MJ Gleeson Finals: AFA Systems, Aga Foodservice, Arcolectric, Glanbia, Headlam, JKX Oi...
Interims: MJ Gleeson
Finals: AFA Systems, Aga Foodservice, Arcolectric, Glanbia, Headlam, JKX Oil & Gas, QS Group, Watermark, WILink.com
JKX is expected to report profits before-tax of £5.7m, up nearly 150% from last year, and EPS up from 1.6p to 4.3p.
Like many other companies in the sector, JKX will have benefited from the high oil and gas prices over the half year. But even though earnings are up, and with cash in the bank to the tune of £6m, the company is still dogged by the £20m it is owed by Ukraine. However, on paper the balance sheet looks very good for a company with a market cap of only £21.9m and a turnover in the region of £15m. A legal row with the State Property Fund of Ukraine won't help sentiment.
AGMs: Pennine Downing Ethical, Xaar
EGMs: British Bloodstock
Economics: UK British Bankers Association February sterling mortgage lending