Divestitures, Regulatory Disclosure, Trading Updates, Partnerships, and Awards & Accolades - Analyst Notes on Premier Oil, Afren, Berendsen, Domino's and Savills
Editor Note: For more information about this release, please scroll to bottom
LONDON, July 3, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Premier Oil PLC (LON: PMO), Afren Plc (LON: AFR), Berendsen PLC (LON: BRSN), Domino's Pizza Group PLC (LON: DOM) and Savills plc (LON: SVS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4421-100free.
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Premier Oil PLC Analyst Notes
On June 30, 2014, Premier Oil PLC (Premier Oil) announced two separate agreements to sell stakes in fields in the U.K. North Sea and Indonesia for a total of around $170 million. The Company agreed to sell its wholly-owned subsidiary Premier Oil Sumatra North BV (POSN) to KrisEnergy Asia Holdings B.V. for an after-tax consideration of $40 million. POSN holds a non-operated 41.67% equity interest in Block A Aceh, located onshore at North Sumatra, Indonesia. Premier Oil also announced it has agreed to sell its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for a cash consideration of $130 million. Both the transactions are subject to government approvals. Premier Oil plans to dispose of $300 million of non-core assets this year. The full analyst notes on Premier Oil are available to download free of charge at:
http://earnings-review.com/4421-PMO-03Jul2014.pdf
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Afren Plc Analyst Notes
On July 1, 2014, Afren Plc (Afren) announced in a regulatory filing that its Chief Operating Officer Shahid Ullah sold 60,000 ordinary shares at a price of £1.41 on June 26, 2014. Following the share sale, Ullah holds approx. 4.4 million ordinary shares in the Company, representing 0.39% of the issued share capital. The full analyst notes on Afren are available to download free of charge at:
http://earnings-review.com/4421-AFR-03Jul2014.pdf
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Berendsen PLC Analyst Notes
On June 27, 2014, Berendsen Plc (Berendsen) released a Trading Update ahead of the announcement of H1 2014 financial results on August 29, 2014. The Company said that trading in H1 2014 was in line with management's expectations, with underlying revenue increasing 3% YoY at constant exchange rates. However, reported revenue for the Group, including the impact of currency translation, was down 1% YoY. Berendsen said that it has started to see the revenue benefits of the contract wins in Flat Linen outside the UK. However, it added that the profits have been lowered by the contract re-pricing in the second half of last year and start-up costs on these new contracts. Buoyed by the H1 2014 performance, on an underlying basis, the Company's Board continues to expect to achieve further good progress for the year as a whole. The full analyst notes on Berendsen are available to download free of charge at:
http://earnings-review.com/4421-BRSN-03Jul2014.pdf
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Domino's Pizza Group PLC Analyst Notes
On June 24, 2014, Domino's Pizza Group PLC (Domino's) announced a partnership with Quikly which will give one lucky recipient free pizza for a year. The Company stated that it is inviting fans to register for the Fan Perks giveaway, and participate in the giveaway that will take place at a time in the future not known to the fans. The Company informed that the customers should visit Domino's Facebook or Twitter page and click on the link to register for the giveaway. Once the promotion begins, registered customers will receive a text message or email (depending on the notification method selected) with a link to the giveaway site. The person who clicks the fastest to claim his award will be rewarded with free pizza for a year (in the form of $500 in Domino's gift cards). The full analyst notes on Domino's are available to download free of charge at:
http://earnings-review.com/4421-DOM-03Jul2014.pdf
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Savills plc Analyst Notes
On June 25, 2014, Savills plc (Savills) announced the securing of top rank among property services firm in the UK for the 11th consecutive year in the Property Week's annual survey of property advisors. Jones Lang LaSalle and CBRE came second and third, respectively. Commenting on the accolade, Mark Ridley, CEO of Savills UK, said, "We are very pleased to have retained our number one position in the UK for eleven straight years and believe this is not only testament to our client commitment in providing the best specialist advice in the industry, but also the hard work and high standards of our staff." In the Property Week's 2014 survey, which assesses the annual performance of the top 58 property firms, 79% of the firms recorded turnover growth as compared to 57% last year. The full analyst notes on Savills are available to download free of charge at:
http://earnings-review.com/4421-SVS-03Jul2014.pdf
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