A major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the United States
13-Mar-2018 – 485p – £455.6m – PER 20.1
Preliminary Results For The 12 Months To End December 2017 – Revenue up 21% to €1,428.1m, Adjusted PBT up 17.7% to €24.6m, Adjusted EPS up 10.0% to 25.65c and Net Debt at €10.2m (31 December 2016: €19.4m). Grew estate by 99 sites to 342 sites and the Final Dividend will be 0.80c total for the year of 1.40c.
There’s quite a lot to like here, my concern is can it really grow. For that reason I will remain Neutral for now and keep an eye out for updates.
21-Sep-2018 – 538p – £495.2m – PER 20.3
Interim Results For The 6 Months To End June 2018 – Revenue up 27%, Adjusted PBT is flat, Adjusted EPS is down -12.6%, the Interim Dividend is up 5%. Confident of prospects for 2018.
Still quite a lot to like here but seems to be a problem increasing EPS anywhere in-line with increased Revenue – I remain Neutral for now.