Morning Brief – 11-Jun-2018

Morning Brief Images 11-Jun-2018

UK Stock Market News Today – 11-Jun-2018

Morning all!

IG Design (IGR) – 436p – £277.3m – PER 18.5

Final Results For The 12 Months To End March 2018 – Revenue up 5% to £327.5m (2017: £311.0m), Underlying PBT up 32% to £21.4m (2017: £16.3m), Gross margin up 0.8 percentage points to 21.4% (2017: 20.6%), Fully diluted earnings per share up 37% at 20.5p (2017: 15.0p) with a FY Dividend of 6.00p, up 33% (2017: 4.50p). And, this reads well “We are delighted to report that 2017/18 has seen our well-diversified business deliver a very successful overall performance, but more importantly, on-going momentum and opportunity for 2018/19 and beyond”.

I hold here and will continue to do so.

XLMedia (XLM) – 171p – £376.8m – PER 14.3

Trading Update For The 12 Months To End December 2017 – Some regulatory impacts and uncertainties as well as some SEO underperformance. Expects lower Revenues and PBT.

I sold out here last month as forecasts were not looking so great, I suspect they may look a little worse now. I remain on the side-lines.

Somero (SOM) – 402.5p – £226.6m – PER 16.6

AGM Statement / Trading Update – Trading ahead of the prior year in-line with market expectations.

I hold here and will continue to do so. Although growth is nothing special at present the ROCE and Operating Margins give me assurance.

As always, all comment most welcome!

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