Energy Efficiency Initiatives, Regulatory Disclosures, Leadership Changes, and Interim Management Statements - Analyst Notes on SSE, Brewin Dolphin, Millennium & Copthorne, Rank and RIT Capital
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LONDON, June 9, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding SSE Plc (LON: SSE), Brewin Dolphin Holdings Plc (LON: BRW), Millennium & Copthorne Hotels Plc (LON: MLC), Rank Group Plc (LON: RNK) and RIT Capital Partners Plc (LON: RCP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3496-100free.
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SSE Plc Analyst Notes
On June 4, 2014, SSE Plc (SSE) announced in a press release that a housing complex in Clackmannanshire is reaping the benefits of new boilers with the help of an energy efficiency scheme by Clackmannanshire Council and Scottish Hydro, part of SSE group. The Company informed that the Cochrane Foundation, a charitable organization providing quality affordable housing to elderly residents of Alva, received 24 new boilers to help reduce household energy use and heating bills. As per SSE, the project is part of a joint drive by the council and Scottish Hydro to make homes in Clackmannanshire more energy efficient. The funding is provided by the Home Energy Efficiency Program for Scotland and Scottish Hydro's Energy Company Obligation. The full analyst notes on SSE are available to download free of charge at:
http://earnings-review.com/3496-SSE-09Jun2014.pdf
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Brewin Dolphin Holdings Plc Analyst Notes
On June 4, 2014, Brewin Dolphin Holdings Plc (Brewin Dolphin) in a regulatory disclosure stated that Stephen Ford, a Director, sold 62,500 ordinary shares at a price of 319.0 pench each. Post the transaction, Ford holds 142,611 ordinary shares, accounting for approximately 0.0519% of the total issued share capital of the Company. In a separate press release dated June 2, 2014, Brewin Dolphin informed that as of May 31, 2014, the Company had 274.56 million ordinary shares of 1 pence each with voting rights and no ordinary shares were held in treasury. The full analyst notes on Brewin Dolphin are available to download free of charge at:
http://earnings-review.com/3496-BRW-09Jun2014.pdf
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Millennium & Copthorne Hotels Plc Analyst Notes
On May 9, 2014, Millennium & Copthorne Hotels Plc (Millennium & Copthorne) announced the appointment of Andrew Cherry as interim group CFO. Prior to his appointment at Millennium & Copthorne, Cherry was CFO at GLH Hotels Limited, formerly Thistle Hotels plc. Cherry will report to the Group CEO, Wong Hong Ren. According to Millennium & Copthorne, Cherry will be responsible for main elements of financial management, including risk management, treasury, accounting, reporting, tax and investor relations activities, and will be working closely with senior management on a number of strategic initiatives across the Group. Cherry has extensive experience in international financial management, gained mainly within the technology and hospitality sectors. The full analyst notes on Millennium & Copthorne are available to download free of charge at:
http://earnings-review.com/3496-MLC-09Jun2014.pdf
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Rank Group Plc Analyst Notes
On May 15, 2014, Rank Group Plc (Rank) released Interim Management Statement for the 19- and 45-weeks to May 11, 2014. Rank reported that the total revenue for the 19-weeks to May11, 2014 has grown by 19% YoY, with like-for-like revenues down 1% YoY. The Company posted 17% YoY increase in the total revenues for 45-week period; whereas like-for-like revenues were down by 4% YoY, due to the challenging and highly competitive trading environment. In addition, Rank informed that Colin Child, Senior Independent Director and Chair of the Audit Committee resigned from the board on March 18, 2014 and following the resignation, Owen O‟Donnell, was appointed as the Chair of the Audit Committee. Rank is expected to announce its full year results on August 14, 2014. The full analyst notes on Rank are available to download free of charge at:
http://earnings-review.com/3496-RNK-09Jun2014.pdf
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RIT Capital Partners Plc Analyst Notes
On May 19, 2014, RIT Capital Partners Plc (RIT Capital) - self-managed investment trust, released the Interim Management Statement for the period January 1, 2014 to May 19, 2014. As per the statement, the Company's diluted NAV per share as on April 30, 2014 was 1,350 pence representing a year to date NAV total return (including dividends) of -1.4%. RIT Capital paid a dividend of 14.7 pence during the period and intends to pay a further 14.7 pence in October 2014. As per the Interim Statement, the Company has benefitted from the appointments of Mike Power and John Makinson as Board Member. Further, RIT Capital stated that following the drawdown of the debt facility, the allocation to Absolute Return & Credit was increased to 17% from 7% over the period. The full analyst notes on RIT Capital are available to download free of charge at:
http://earnings-review.com/3496-RCP-09Jun2014.pdf
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