Morning Brief – 12-Dec-2018

Morning Brief Images 12-Dec-2018

UK Stock Market News Today – 12-Dec-2018

Morning all!

Cohort (CHRT) – 415p – £170.0m – PER 12.9

Interim Results For The 6 Months To End October 2018 – Revenue down, Adjusted Operating Profit and EPS about a third of last year – As a sweetener the Interim Dividend is increased 12%. Made an acquisition today and expects H2 weighting to be even greater this year (than usual).

I cannot buy on the expectation of H2 weighting being even greater than usual – Not a chance!  Expecting the FY to surprise one way or the other!

Eurocell (ECEL) – 232p – £232.7m – PER 10.2

Trading Update For The 11 Months To End November – Expects FY EBITDA to be slightly below FY 2017.

Looks like “H2 weighting” mentioned in the previous update – Strikes another stock! Not for me at present.

Filtronic (FTC) – 18p – £37.5m – PER 30.7

Trading Update – Sales down and expects to make a loss this year. Has enough money to survive whilst exploring what to do with the antenna business.

There’s little likelihood I will be getting involved here any time soon.

Fulham Shore (FUL) – 9.4p – £53.7m – PER 122.1

Unaudited Interim Results For The 6 Months To 23rd September 2018 – Revenue up 20% to £33.0m with PBT up 35% to £1.5m.

Seems to be heading in the right direction but not enough to tempt me just yet – Will await the FY results.

Huntsworth (HNT) – 97p – £339.1m – PER 11.9

Trading Update For The 11 Months To End November 2018 – On target for PBT to be at least in-line (£29.4m), expecting continued good growth across all of its businesses into 2019.

I sold out here in July as the Interim Results seemed a little too cautious. I may well revisit as this doesn’t sound as bad at all – I’ll keep an eye out for Broker notes.

Netcall (NET) – 35.5p – £50.8m – PER 25.7

AGM Statement – There’s not much sense (to me anyway) in this update.

I have no more interest here (because I can’t work out what they’re telling me here) today than I did yesterday.

As always, all comment most welcome!

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