Clipper Logistics (CLG)

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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.

27-Aug-2019 – 225p – £229m – PER 11.5

Trading Update For The 12 Months To End April 2019 – FY Revenue to be slightly ahead of current market expectations but under IFRS3 FY EBIT will be moderately below market expectations but will be uplifted in 2020.

Fairly valued here, perhaps. Perhaps one to consider for the yield (of 4%+).

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