BJM

Stock brokers Barnard Jacobs Mellet Holdings Limited (BJM) said on Tuesday it is expecting headline earnings per share for the 6 months ended September of between 11c and 14c compared to 10.9c for the previous comparable half-year. Earnings per share are expected to be between 14c and 16c versus 10.4c previously.
The company said that following the implementation of strict cost containment, management is able to report that all of the group's major business units are operating profitably. "Furthermore, management is resolute in ensuring that the group retains its market position across its key disciplines," it added. But it said the slowdown in agency trading activity following the deterioration in both local and global market conditions experienced during the previous financial year end continued into the current reporting period and has left profitability under pressure.
The company's interim results for the 6 months ended September 30 2009 will be announced on or about November 12 2009. BJM also issued a cautionary on Tuesday saying that it has entered into discussions, which, if successfully concluded, may have a material effect on the price of the company's securities.