Morning Brief – 1-May-2019

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Morning Brief Images 1-May-2019

UK Stock Market News Today – 1-May-2019

Morning all!

Augean (AUG) – 92p – £97m – PER 10.6

Trading Update For The 12 Months To End December 2018 – Profit expected to be materially ahead of market expectations.

Still an outstanding HMRC issue so I will remain on the side-lines until that’s resolved.

Avon Rubber (AVON) – 1474p – £457m – PER 18.4

Interim Results For The 6 Months To End March 2019 – Revenue up 2.1% (CC) with Adjusted PBT down -27%, EPS down -31.6%. The Interim Dividend is up 30% and Net Cash is up from £39.1m to £46.8m. Confident of delivering on FY expectations.

I still see no attraction here at a price above 1000p.

Blancco Technology (BLTG) – 122p – £80m – PER 31.3

Trading Update For The 12 Months To End June 2019 – Expects Revenue to be marginally ahead of market expectations and Adjusted Operating Profit to be comfortably ahead.

I need to look into this a little more as there seems to be quite a material difference between Broker forecasts and those on Stockopedia.

GetBusy (GETB) – 29.5p – £14.3m – PER n/a

AGM Trading Update – Q1 in-line, FY unchanged.

I have not much more to say that I did last time here – “Still a share I remain Long in (a really stuipid purchase). Was unable to sell out here at a decent price in an illiquid market, still paying the price (as it was at a better price than today)!”.

MPAC (MPAC) – 131p – £27m – PER 9.2

Trading Update And Acquisition – Trading this year is in-line with the Order book significantly above last year. Bought Lambert for £15m in Cash, expected to be “materially earnings enhancing” – Expects FY to be in-line.

Becomes a little more interesting – Will keep an eye out for Broker updates here.

ULS Technology (ULS) – 77p – £50m – PER 11.4

Trading Update For The 12 Months To End March 2019 – Broadly in-line with Revenue slightly below last year (£29.9m versus £30.7m), Adjusted PBT is £5.4m versus £5.5m. Outlook doesn’t read very Bullish.

Still not tempted to re-enter here having sold out almost 12 months ago.

As always, all comment most welcome!

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