Morning Brief – 11-Jun-2019

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Morning Brief Images 11-Jun-2019

UK Stock Market News Today – 11-Jun-2019

Morning all!

CML Microsystems (CML) – 277p – £47m – PER 15.2

Results For The 12 Months To End March 2019 – Everything down except the Total Dividend which is the same as last year.

No more interested here today than I was yesterday.

IG Design (IGR) – 604p – £473m – PER 19.1

Results For The 12 Months To End March 2019 – Revenue up 37% (from £327.5m to £448.4m), Adjusted PBT up 39% (from £21.8m to £30.3m) with EPS up 33% from 22.1p to 29.3p. The Total Dividend is up 42% from 6p to 8.5p. Note, Fully Diluted EPS down from 20.5p to 16p (mainly exceptional acquisiton costs).

I sold out here not so long ago believing 500p or so to be fair value, looks like I may have been wrong on that!

Iomart (IOM) – 350p – £380m – PER 16.9

Results For The 12 Months To End March 2019 – Revenue up 6% (to £103.7m), Adjusted PBT up 6%, EPS 4%. The Total Dividend is up 4%.

I still don’t see any value here at present.

Motorpoint Group (MOTR) – 211p – £201m – PER 11.2

Results For The 12 Months To End March 2019 – Revenue up 6.8% to £1,058.7m, PBT up 10% and EPS up 11.3% (18.7p), Total Dividend up from 6.6p to 7.5p.

Still tempting enough but still sector concerns keep me away – Still expecting blood on the streets in the sector before I become a buyer.

MPAC (MPAC) – 162p – £33m – PER 7.4

Pension Scheme Update – Deficit reduced from £69.m to £35.2m, expects to be eliminated in 2024 instead of 2029.

This is quite interesting and will keep an eye out for Broker updates here.

Oxford Metrics (OMG) – 98p – £123m – PER 21.5

Interim Results For The 6 Months To End March 2019 – Revenue up 12.6%, Adjusted PBT up 16.1%, Net Cash at £10.9m – Expects to deliver FY in-line.

I am Long here and although not overwhelming, looks reasonable enough considering the growth, yield and Net cash. Will see how the market reacts to this news.

Quiz (QUIZ) – 28p – £35m – PER 9.2

Results For The 12 Months To End March 2019 – Revenue up 12%, Underlying PBT down -94% from £9.6m to £0.6m, EPS fall is similar yet they’ve introduced a Dividend!

Still way to many if’s and maybe’s here so I continue to watch from afar!

Trifast (TRI) – 235p – £286m – PER 15.8

Results For The 12 Months To End March 2019 – Revenue up 5.7%, Underlying PBT up 5.8%, EPS up 5.4%, the Total Dividend is up 10.4%.

Although this looks slightly ahead of expectations – Still looks overvalued to me.

As always, all comment most welcome!

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