Morning Brief – 11-Jan-2019

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Morning Brief Images 11-Jan-2019

UK Stock Market News Today – 11-Jan-2019

Morning all!

Attraqt (ATQT) – 33p – £35m – PER 47.1

Trading Update For The 12 Months To End December 2018 – FY Revenue to be marginally ahead of expectations and EBITDA to be slightly better than break-even.

Got to sit on the side-lines and wait to see the actuals here.

Carclo (CAR) – 81p – £59.5m – PER 6.6

Trading Update For The 12 Months To End March 2019 – FY Results to be significantly beloow previous expectations with higher Debt which is expected to remain within covenants.

I wasn’t much of a fan before and this doesn’t help – Remains on my Avoid list.

Lighthouse Group (LGT) – 25p – £32m – PER 13.8

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

Seems perhaps about fairly priced around this level.

Moss Bros (MOSB) – 26.2p – £26.41m – PER 18.2

Trading Update For The 23 Weeks To 5th January 2019 – Revenue up 0.6% YoY (margins down), ecommerce up 27.8% YoY (16.2% of Revenue) but pyhsical down. Expects FY to be in-line, an Adjusted Loss of -£0.6m. Cash down from £17.5m to £10m. Expects conditions to remain challenging.

Going to switch this from my Avoid list to Neutral. Will be interesting enough to keep an eye out on that on-line growth as the brand may be strong enough to become the leader there, perhaps!

Quiz (QUIZ) – 35.5p – £44m – PER 6.6

Trading Update For The 6 Weeks To 5th January 2019 – Revenue up 8.4% (this is below expectations), margin down, challenging conditions. FY Revenue to be circa £133m (below current market expecations), Gross Margins down from 62% to 60.5%.

Even on a single digit PER I cannot find myself interested here at present.

Sopheon (SPE) – 1335p – £135m – PER 31

Trading Update For The 12 Months To End December 2018 – Expecting FY Revenue to be comfortably in-line and PBT to maybe outperform.

I really missed out here (from the days when I rarely paid up) but now I do believe it looks overvalued (perhaps, again, wrongly!).

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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