Clipper Logistics (CLG)

Clipper Logisitics CLG Logo

Engaged in providing value-added logistics solutions and e-fulfilment and returns management services to the retail sector, operates through two segments: Value-added logistics services and Commercial vehicles.

16-Nov-2017 – 395p – £396.1m – PER 22.0

Trading Update – In-line – With recent acquisitions integrated and also in-line with expectations. Board remains confident.

I really like this, it’s on my Watchlist.

7-Dec-2017 – 426.75p – £421.2m – PER 23.3

Interim Results For The 6 Months To End October 2017 – Headline “Continuing strong growth in linewith expectations”. And, I quite like this, Revenue up 21.1% to £199.7m (2016: £164.9m), PBT up15.6% to £7.9m (2016: £6.9m), EPS up 18.9% to 6.3 pence (2016: 5.3 pence) and the Interim Dividend is up by 16.7% to 2.8 pence per share.

This remains on my Watchlist.

Subsequently revised Watchlist price, 400p.

30-Jul-2018 – 405p – £411.1m – PER 21.3

Preliminary Results For The 12 Months To End April 2018 – Revenue up by 17.6% from £340.1m to £400.1m, Profit up by 14.6% from £12.5m to £14.3m with EPS up by 13.6% to 14.2p (2017: 12.5p). The Dividend is up 16.7% to 8.4p (2017: 7.2p).

Still quite like this but going to go Neutral here as it seems to be priced about right for now.

6-Dec-2018 – 290p – £294.4m – PER 15.4

Unaudited Results For The 6 Months To End October 2018 – Revenue up 14.1%, PBT up 16.9%, EPS and the Interim Dividend both up 14.3%. Trading continues to perform well.

Tempted here, looks decent enough value now but I think I will wait to see the FY results.

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