Morning Brief – 10-May-2018

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Morning Brief Images 10-May-2018

UK Stock Market News Today – 10-May-2018

I Read The News Today Oh Boy! 10-May-2018

Morning all!

Gresham Technologies (GHT) – 195p – £131.8m – PER 28.8

AGM Statement – A positive start, trading is on track.

Some good quality metrics (ROCE and Op Mgn) but the growth forecasts don’t seem to justify the PER of almost 30 – Remains on my Watchlist at 160p.

Michelmersh Brick Holdings (MBH) – 93.5p – £80.6m – PER 11.4

AGM Statement – In-line with significant growth versus 2017.

Still Neutral here but will be keen on seeing actual results (with an eye on ROCE and Operating Margin) – Revenue, Dividend and EPS forecasts look pretty impressive.

Caretech Holdings (CTH) – 415p – £314.1m – PER 11.1

Trading Update For The 6 Months To End March 2018 – In-line, local authority annual fee negotiations in an early stage – Expects increased staff costs (living wage & pension contributions) to be covered by increases.

Just too reliant on those fee negotiations, I remain Neutral.

Goals Soccer Centres (GOAL) – 88.75p – £66.8m – PER 11.7

AGM Statement – Affected by snow, first 18 LFL sales down 1.9%.

Up nicely in the past couple of months but I will await results to see how the actuals are doing here.

TT Electronics (TTG) – 228p – £371.6m – PER 15.6

Trading Statement For The 4 Months To End April 2018 – Seems positive but no mention of in-line.

I remain Neutral.

Communisis (CMS) – 69p – £144.7m – PER 9.86

AGM Statement – Unchanged.

The growth here seems uninspiring, I remain Neutral.

As always, all comment most welcome!

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