3 Shares the FTSE 100 Should Beat Today
LONDON -- The FTSE 100 has just edged back over 6,300, up 0.55% to 6,311 as of 9 a.m. EST. The absence of any economic news has left the index moving sideways since it first reached 6,300 at the end of January.
But even if the FTSE 100 is not gaining, it's still doing better than some individual shares. Here are three that have fallen today.
Shares in G4S rose in early trading but have 0.3% to 279 pence by the time of writing after the security firm announced a financial settlement over its 2012 Olympics and Paralympics contact troubles. Overall, G4S is set to record a loss of 70 million pounds on the contract itself, with further costs of 18 million pounds relating to charitable donations, fees, sponsorship, and other items.
It's a significant hiccup, but it is good for the company to have finally put it in the past. The share price has done well in recent months, putting on 15% since mid-November, and forecasts for 2013 and 2014 suggest earnings growth of about 10% per year.
Dunelm Group shares dropped back a little today, falling 1.1% to 783 pence after the soft-furnishings retailer released halftime results, even though the figures looked pretty good. Total revenue for the period rose 13.4% to 340 million pounds, with like-for-like sales up 2.2%. That led to pre-tax profit growth of 14.6% to 59.8 million pounds with earnings per share up 18.1% to 22.1 pence. And with cash flow rising too, the interim dividend has been lifted by 12.5% to 4.5 pence per share.
Why the share price fall? Possibly a bit of profit-taking, as it is up 60% over the past 12 months and has nearly six-bagged since the start of 2009.
Lo-Q shares are dipping 0.6% to 440 pence on the release of results for the year to Nov. 4. Once again, the numbers are good, with revenue up 19% to 29.1 million pounds, pre-tax profit up 17% to 3.2 million pounds, and earnings per share up 26% to 14.6 pence. The provider of queueing systems for theme parks has also secured an important six-year contract extension with Six Flags water parks.
And again, we might just be seeing a little price-taking here, as the Lo-Q price has 10-bagged since the start of 2009.
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