Epwin (EPWN)

Epwin EPWN Logo

The low maintenance building products manufacturer, supplying businesses in the Repair, Maintenance and Improvement (“RMI”), new build and social housing sectors.

8-Feb-2018 – 77.8p – £111.2m – PER 7.27

Trading Update For The 12 Months To End December 2017 – In-line with market expectations.

The Dividend is great and if that can be maintained it’s one for income seekers, perhaps. Growth wise, it doesn’t seem like it’s going anywhere.

11-Apr-2018 – 79.5p – £113.6m – PER 7.43

Results For The 12 Months To End December 2017 – Headline is “Resilient performance despite subdued markets”.

To me these latest results look awful but looks like they may be priced in, based on a high 12 months ago of 125p or so. Stockopedia loves it (StockRank 93), but I do not, I’m Neutral at best here.

22-May-2018 – 80.55p – £115.1m – PER 7.38

AGM Statement – In-line.

Stockopedia still likes this (StockRank 94), but I will remain Neutral for now.

22-Aug-2018 – 71.05p – £101.5m – PER 6.35

H1 Trading Update – H1 better than anticipated, FY Adjusted PBT to be in-line –Despite the weather and challenging markets.

Stockopedia still likes this (StockRank 97) more than I do – I remain Neutral for now, although that Dividend is attractive!

12-Sep-2018 – 75.55p – £108.0m – PER 6.71

Interim Results For The 6 Months To End June 2018 – All metrics are down here but the board still expects FY Adjusted PBT to be in-line.

It seems cheap but much against the Stockopedia StockRank of 97 I have much less convictions and remain Neutral.

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