Morning Brief – 10-Jan-2019

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Morning Brief Images 10-Jan-2019

UK Stock Market News Today – 10-Jan-2019

Morning all!

Debenhams (DEB) – 5.65p – £69.3m – PER 7.67

Trading Update – Based on the last 6 and 18 weeks, on track to deliver FY profits in-line with expectations.

Remains on my Avoid list.

DFS Furniture (DFS) – 205p – £434.9m – PER 10.1

Trading Update For The 5 Months To End December 2018 – Good underlying Revenue growth of 10% in a challenging consumer environment – FY Profit expectation unchanged. CFO is leaving (seems friendly enough).

I can’t get excited here at all at present.

Innovaderma (IDP) – 94.5p – £13.7m – PER 9.55

Trading Update For The 6 Months To End December 2018 – Revenue down from £4.2m to £3.9m – Expecting great things in H2.

I did previously comment that they always seem to report decent Revenue increases but PBT and EPS fail to follow – With Revenue down, H2 weighting mentioned I am just a little wary (that’s polite), it’s coming off my Watchlist.

McBride (MCB) – 131p – £239.5m – PER 8.36

Trading Update For The 6 Months To End December 2018 – Expects FY to be in-line with Profit weighted to H2.

I don’t see this as any more than reasonably priced here.

Quartix Holdings (QTX) – 260p – £124.5m – PER 22.9

Trading Update For The 12 Months To End December 2018 – In-line.

I still don’t get the PER of 20+ here, perhaps I continue to not see what other Buyers are seeing.

Robert Walters (RWA) – 556p – £420.2m – PER 11.4

Trading Update For Q4 2018 (To End December 2018) – Expecting FY to be comfortably in-line with market expectations.

I see some potential for upside here but just not enough for me to get involved at this level.

As always, all comment most welcome!

Note again: I renewed my Research Tree annual subscription for just £200 last weekend, the £100 discount for this must have research (for me anyway) is available until 13th January 2019 – Click here and use the Promo Code “NY2019”.

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