Morning Brief – 11-Apr-2019

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Morning Brief Images 11-Apr-2019

UK Stock Market News Today – 11-Apr-2019

Morning all!

Christie (CTG) – 97p – £25.7m – PER 7.8

Results For The 12 Months To End December 2018 – Revenue up 6.3% (from £71.6m to £76.1m), Operating Profit up 8.4%, EPS up from 9.47p to 11.23p and the Total Dividend will be 3p (2.75p last time). Looks like caution for H1, expecting a stronger H2.

These results look about in-line and I am tempted here. The caution and H2 weightiing puts me off enough to wait for revised Broker notes to come through.

EasyHotel (EZH) – 66p – £97m – PER 37.1

Trading Update For The 6 Months To End March 2019 – Revenue up 47% (LFL looks flat), despite uncertainty (mentioned 3 times), expects FY to be in-line with the Board’s expectations.

Half the price it was when I first considered this expensive, it’s still not “cheap” enough to tempt me.

Quiz (QUIZ) – 17.4p – £21.6m – PER 5.8

Trading Update For The 12 Months To End March 2019 – Revenue up 12%, EBITDA to be circa £4.5m.

Looks OK but just too many if’s, but’s and maybe’s here for me.

Renold (RNO) – 28.5p – £64m – PER 5.4

Trading Update For The 6 Months To End March 2019 – Revenue up 5.7%, FY to be in-line.

If it wasn’t for the Net Debt this would be much more attractive, at present there’s just not enough to get me any more interested today that I was yesterday. The move to AIM may help.

As always, all comment most welcome!

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