Bottom Line: Kunick in winning form
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.GEARING at Kunick, the fruit machine rental company, once more than 100 per cent, is down to 27 per cent. If plans to float off its half-share in Goldsborough nursing homes materialise, it may have net cash this time next year.
Kunick is back in the black with pre- tax profits of pounds 4.8m compared to a write- off-scarred loss of pounds 11.8m last time, while underlying operating profits rose 55 per cent to pounds 6m.
The company is financially secure. But its ordinary shares, unchanged at 11.75p, are likely to be subdued until Goldsborough is sold. The attractions of preference shares are a good deal more immediate. Up 4p to 96p yesterday, they yield nearly 11 per cent.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments