UK Stock Market News Today – 11-Jun-2019
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!