NEW YORK, January 23, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Jewett-Cameron (NASDAQ: JCTCF), Kirkland's (NASDAQ: KIRK), Knightsbridge Shipping (NASDAQ: VLCCF), Kona Grill (NASDAQ: KONA), and Ku6 Media (NASDAQ: KUTV). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
JCTCF Research Report: ( http://get.analystsreview.com/pdf/?c=Jewett-Cameron&d=23-Jan-2015&s=JCTCF ),
KIRK Research Report: ( http://get.analystsreview.com/pdf/?c=Kirkland%27s&d=23-Jan-2015&s=KIRK ),
VLCCF Research Report: ( http://get.analystsreview.com/pdf/?c=Knightsbridge%20Shipping&d=23-Jan-2015&s=VLCCF ),
KONA Research Report: ( http://get.analystsreview.com/pdf/?c=Kona%20Grill&d=23-Jan-2015&s=KONA ),
KUTV Research Report: ( http://get.analystsreview.com/pdf/?c=Ku6%20Media&d=23-Jan-2015&s=KUTV ).
Analyst Update: Financial Results, Agreements, and Appointments
Reviewed by: Rohit Tuli, CFA®
The Wall Street witnessed fourth consecutive session of gains on Thursday as the European Central Bank (ECB) announced its much-anticipated bond-buying program aimed at reviving the Euro zone economy. The ECB announced that it will buy €60 million worth of bonds every month in a program which will last through September 2016. Cheering the ECB's move, the S&P 500 and Nasdaq Composite indices closed the day up 1.53% and 1.78%, respectively, and also turned positive for the year. The Dow Jones Industrial Average ended the session higher by 1.48%. Shares in Europe also continued the rally on Thursday, posting the biggest six-day gain in over three years. The Stoxx Europe 600 index jumped 1.7% to close at its highest level in over seven years. In Asia, markets mostly ended flat as investors awaited the outcome of the ECB meeting.
Jewett-Cameron Trading Company Ltd. (Jewett-Cameron) reported a decline in Q1 FY 2015 net income; however, on a per share basis, net income increased as the Company repurchased shares during the quarter as part of its share buyback program. Net income came in at $327,787, or $0.12 per share, for the quarter compared to net income of $332,579, or $0.11 per share, in Q1 FY 2014.
Kirkland's Inc (Kirkland's), a specialty retailer of home décor and gifts, reported a 10.4% YoY increase in its Q3 FY 2014 net sales to $117.2 million. Comparable store sales for the reporting quarter, including e-commerce sales, increased 6.3% YoY. The Company opened 10 stores and closed one store during the third quarter, bringing the total number of stores to 337 at the end of quarter.
Knightsbridge Shipping Limited (Knightsbridge Shipping) announced that it has entered into an agreement with RWE Supply & Trading GmbH, a wholly owned subsidiary of RWE AG (a major European energy company), for chartering out a total of 15 Capesize vessels on long term contracts.
Kona Grill, Inc. (Kona Grill), an American grill and sushi bar, announced preliminary restaurant sales of $31.5 million in Q4 2014, up almost 29.0% YoY. Same-store sales too increased approximately 3.1% YoY. In a January 12, 2015 press release, the Company said that restaurant sales increased to $119.1 million in 2014, compared to $98.3 million in 2013.
Ku6 Media Co., Ltd. (Ku6 Media) announced the appointment of Feng Gao as the President of the Company, effective as of December 29, 2014, and the results of the Company's 2014 annual general meeting of shareholders ("AGM") held on December 26, 2014 in Hong Kong.
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