Morning Brief – 1-Nov-2018

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Morning Brief Images 1-Nov-2018

UK Stock Market News Today – 1-Nov-2018

Morning all!

Elektron Technology (EKT) – 36p – £67.0m – PER 21.8

Trading Update For The 3 Months To End October 2018 – Trading strong with Revenue up 16.5% LFL (YTD up 17%). FY to be significantly ahead of market expectations.

This upgrade is enough for me to put this on my Watchlist now and may even consider a purchase.

4imprint (FOUR) – 1810p – £508.3m – PER 16.4

Trading Update – FY Revenue and Underlying Operating Profit will be towards the upper end of current market forecasts (too much trouble to tell us what the feck they are eh!).

I’m Neutral here at the moment but this looks like it may be worth a closer look (so, I will check out Broker notes and forecasts here to see if there’s value at this level).

Morgan Sindall (MGNS) – 1186p – £538.2m – PER 8.19

Trading Update For The Period From 1st July 2018 To Date – FY in-line.

I am Neutral here after having sold out last month, I remain so for now.

Zotefoams (ZTF) – 540p – £260.8m – PER 26.2

Trading Update For The Q3 (Ended September 2018) – Record Q3 and now expect FY to be slightly ahead.

I keep avoiding this one as always seeming too expensive to me (Stockopedia agrees with a Value score of 15). I still remain Neutral as the forecast growth I can see, even if slightly exceeded, still doesn’t present me with value here at present.

Forterra (FORT) – 220.5p – £442.0m – PER 7.97

Trading Update For The Period From 1st July To End October 2018 – FY Profit to be marginally below previous expectations (rising costs of energy and carbon credits plus a kiln repair).

First time look for me and seems like a lot to like (expect the news in this recent update) – ROCE and Op Margin (tick), Yield 4.5% (tick), Revenue and EPS growth circa 10% (tick), Net Debt but manageable (tick). I am Neutral but will do a little more research here.

As always, all comment most welcome!

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