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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Henderson European Trust Plc | LSE:HET | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 188.00 | 186.00 | 188.00 | 188.00 | 187.00 | 188.00 | 403,213 | 16:14:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1321A Home Entertainment Corporation PLC 25 June 2004 Home Entertainment Corporation ("HEC") - trading update FRIDAY, 25 June 2004 -- On 27 January 2004, when HEC announced interim results for the 28-week period ended 13 December 2003, Chairman Iain Muspratt said: "We believe that underlying demand for both DVD sell thru and rental remains strong although there is no question that consumers are exercising more caution. We face the future with confidence, determination and a range of initiatives but we would benefit from the weather in our favour (i.e. rain) during the critical trading weeks around Easter and Whitsun". Trading for the second half of the year started satisfactorily and the company achieved, for the period overall, sales growth slightly better than in the first half and a further increase in gross margin. However, the fine, warm spell that prevailed for most of the last 5 weeks of the year adversely affected rental revenues. In addition, the company has incurred start-up costs (which have been fully written off) of recently re-launched Movie Choices, formerly choicesErental. It has also incurred duplicated costs associated with the transfer to one location (to be completed in August 2004) of its warehousing and distribution activities in Peterborough. As a consequence of these factors, the company expects profit before tax for the year ended 5 June 2004 to be approximately #4.7 million which is lower than current market expectations. Despite the difficult trading environment, HEC has continued to invest in the business and to prepare for the next phase of growth, whilst cash flow has remained strong. Having upgraded its management and financial systems, including the installation of a new EPOS system across the group, the company is now embarking on a range of marketing and sales initiatives and has resumed the expansion of the Choices Video chain. Management expects to be able to continue its progressive dividend policy and to propose a final dividend for the year of 4.4 pence per share (2003: 4.2 pence per share). The company will announce preliminary results for the year ended 5 June 2004 on Tuesday, 31 August 2004. There will be an analysts' meeting at 0900hrs on that day at the offices of Bankside Consultants, 123 Cannon Street, London EC4N 5AU. ENDS For further information contact Simon Bloomfield, Bankside Consultants Tel: 0207 444 4140 (office) or 07771 758517 (mobile) This information is provided by RNS The company news service from the London Stock Exchange END TSTDZLFLZQBFBBL
1 Year Henderson European Chart |
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