The Tipster | Raise your glass to JD Wetherspoon
TRADERS have been questioning JD Wetherspoon, after the company’s share price stumbled over the last few weeks. However, there is optimism about the full-year results, due this week, as the European football championships are expected to have helped the pub chain. Shares hit year-highs above 480p in August, and the firm is expected to report a 15 per cent rise in profits towards £70m. Spreadex quotes a price of 459.1-463.2p for JD Wetherspoon.
The wet summer may have impacted the performance of B&Q owner Kingfisher. The retailer announces its interim results for the last six months tomorrow. Margins may be hit, as the retailer heavily discounted products earlier in the year. CMC Markets quotes a price of 280.86-281.52p for Kingfisher.
Investors can be forgiven for approaching today’s trading statement from SuperGroup, the retailer aimed at twenty-somethings, with some trepidation. The shocks over the last couple of years have seen the value of its shares fall by 50 per cent since September 2011. However, recent performance has allayed some concerns and there has been an impressive recovery in its share price. IG Index quotes a price of 527.5-535p for SuperGroup.
Kazakhmys has had an arduous time of late with falling iron ore prices and concerns about a Chinese slowdown. However, the natural resource company has seen a reversal in its fortunes as investors hunt for bargains. Although demand has pushed shares up in recent days, they are still relatively cheap considering that the share price is down 30 per cent this year. Spread Co quotes 681.55-682.55p for Kazakhmys.