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Fool's Eye View

[ December 8, 2000 ]

Reporting Next Week

By Maynard Paton (TMFMayn)

Carburton Street, London -- Next week sees the final flurry of company results before investors start to pack away their charts and calculators for the Christmas break.

Just two FTSE 100 companies will enter the reporting spotlight, with Granada Compass (LSE: GCP) and Daily Mail & General Trust (LSE: DMGT) both reporting their preliminary results. For the shareholders of Granada Compass, next Wednesday will be the first opportunity to evaluate the recently formed group and attention will focus on the company's expected disposal of its various hotel interests. For Daily Mail investors, the usual analysis of circulation numbers and advertising rates will be performed on Thursday.

Further down the corporate ladder, three well-regarded mid-cap companies are due to publish their latest figures too. Upmarket homebuilder Berkeley (LSE: BKL) reports its half-year story on Tuesday, the firm no doubt giving further clues as to the direction of the housing market. Another business linked to the property market's health is Carpetright (LSE: CPR), the specialist retailer also rolling out its six-month story on Tuesday. Shareholders of the carpet merchant will be keen to see continued like-for-like sales growth, the company recording a 9% figure at its full-year stage. And Monday sees outsourcing concern MITIE (LSE: MTO) reveal its interim news, the stock market hoping the group's impressive record in the boring world of property maintenance will remain firmly intact.

Next Thursday, investors also have the opportunity to review three companies involved in unFoolish money making. London Clubs International (LSE: LCI) will reveal trading details of its casinos when the group deals out its six-month numbers, while television group Avesco (LSE: AVS), the producer of Who Wants To Be A Millionaire?, will hope it won't have to use an investment lifeline as it too broadcasts an interim update. The careful accumulation of Teather & Greenwood (LSE: TEG) shares may also occur on Thursday, as the Wise stockbrokers put out their latest six-month report.

Companies of a slightly less proven nature also report next week. Heart valve developer Aortech International (LSE: AOR) could set pulses racing as the group pumps out its half-year news on Friday, while Powderject Pharmaceuticals (LSE: PJP) could inject some shareholder excitement when the safety syringe designer dispenses its interim accomplishments on Monday. Monday could also see some long-awaited upbeat news from British Biotech (LSE: BBG), the troubled biotech firm distributing its six-month results.

A whole raft of smaller IT-related businesses will also report financial details next week. BsoftB (LSE: BFB), Computerland UK (LSE: CPU), Fayrewood (LSE: FWY), Isoft (LSE: IOT), Northgate Information Solutions (LSE: NIS), Vega (LSE: VEG) and Vianet (LSE: VIA) will all be hoping to provide some seasonal goodwill to troubled tech investors. Unfortunately, there'll be little good news in Wednesday's full-year results of Actinic (LSE: ACC), as the e-commerce software firm today lost 50% of its value after issuing a profit warning.

And right at the bottom of the investment spectrum, Slimma (LSE: SLM) could soon have its value realised as the clothing manufacturer reports its twelve months numbers on Wednesday, Firestone Diamonds (LSE: FDI) may prove an investment gem when the miner digs outs its full-year figures on Thursday, while the interim story from Alba (LSE: ABA) may receive a bad reception when the digital television maker reports, also on Thursday.

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