UK Stock Market News Today – 10-Sep-2018
Brady (BRY) – 66.25p – £55.2m – PER 56.4
Interim Results For The 6 Months To End June 2018 – Revenue flat, losses getting smaller. 95% visibility of revenue and FY to be in-line with market expectations (a loss).
Remains on my Avoid list for now.
Luceco (LUCE) – 49.6p – £79.8m – PER 8.89
Interim Results For The 6 Months To End June 2018 – Loss making (a big one) with a lot of Net Debt but expecting a return to profitability in H2 (yeah right!).
I’m not yet convinced and this remains on my Avoid list.
Maintel Holdings (MAI) – 780p – £110.7m – PER 8.16
Interim Results For The 6 Months To End June 2018 – Revenue up 14% to £66.5m (H1 2017: £58.2m), recurring revenue was 70%. Gross Profit up £18.2m (H1 2017: £17.4m), about 5%, Adjusted EPS of 25.9p (H1 2017: 27.1p), a small decrease. The Interim Dividend is up slightly to 15.0p (H1 2017: 14.7p).
There’s still quite a lot to like here but the 10% or so spread leaves me Neutral for now.
As always, all comment most welcome!