Dividend payment date 22/01/2015 Has anyone seen this dividend payment credited to their ISA account with iii?
Investec "Argos margins boost Home Retail GroupHome Retail Group (HOME) has grown Argos gross third quarter margins for the first time in seven years.Investec analyst Alistair Davies retained his buy recommendation and target price of 212p on the shares, which fell 4.9% to 201.7p yesterday.A different trading stance at Argos delivered lower than expected like-for-likes but improved gross margins, which grew in Q3 for the first time in seven years, he said.A revised promotional strategy meant sales werent chased at the expense of profit. Argoss highly efficient infrastructure means that gross profit growth can feed through to earnings before interest and tax despite continued migration of sales online (and associated cost pressures).An improved consumer backdrop with self-help measures to drive operational leverage underpins our buy stance."From Citywire.
today's trading statement I cannot see much to get excited about in these figures??