Morning Brief – 12-Sep-2018

0
4028
Morning Brief Images 12-Sep-2018

UK Stock Market News Today – 12-Sep-2018

Morning all!

1pm (OPM) – 54.6p – £47.1m – PER 7.24

Final Results For The 12 Months To End May 2018 – Revenue £30.0m (2017: £16.9m), an increase of 78%, of which organic growth was 31%, PBT of £7.9m (2017: £4.1m), an increase of 93%, Basic EPS of 7.57p (2017: 6.09 pence), up 24%, Dividend 0.65p (2017: 0.50p), up 30%, Consolidated Net assets of £48.1m (2016: £28.5m), an increase of 69% and ROC is 13.3% (2017: 11.5%).

A lot to like in this update, it’s going on my Watchlist.

Anexo (ANX) – 115p – £126.5m – PER 9.63

Interim Results For The 6 Months To End June 2018 – Confident of meeting FY expectations.

A new one for me (A UK company focused on providing replacement vehicles and associated legal services to people who have been involved in a non-fault accident). Initial view is there’s perhaps some value here but not enough to make me a Buyer at the moment – I’m Neutral for now.

Concurrent Technologies (CNC) – 78.5p – £57.1m – PER 11.0

Interim Results For The 6 Months To End June 2018 – Revenue £7.9m (H1 2017: £7.8m), PBT £1.1m (H1 2017: £1.4m), EPS 1.5p (H1 2017: 1.84p), Interim Dividend 0.95p (H1 2017: 0.90p).

Even on a PER of around 10 this doesn’t get me interested, although the ROCE & Operating Margin (taken from Stockopedia) are impressive. I remain Neutral.

Epwin (EPWN) – 75.55p – £108.0m – PER 6.71

Interim Results For The 6 Months To End June 2018 – All metrics are down here but the board still expects FY Adjusted PBT to be in-line.

It seems cheap but much against the Stockopedia StockRank of 97 I have much less convictions and remain Neutral.

Medica (MGP) – 145p – £161.1m – PER 17.2

Interim Results For The 6 Months To End June 2018 – Revenue up 18.2%, Adjusted Operating Profit up by 15.4% and Net Debt significantly reduced to £2.5m (2017: £8.5m). FY to be in-line.

I sold out here a couple of months or so ago as I was just getting a little nervous. This remains on my Watchlist because the forecasts if met, are quite impressive considering the current valuation.

Ten Entertainment (TEG) – 256p – £166.4m – PER 12.1

Results For The 26 Weeks To 1st July 2018 – Weather blamed for Revenues up just 7.7% to £37.8m, Adjusted PBT up 0.4% at £6.4m (HY17: £6.4m) – The Interim Dividend is up 10% to 3.3p. Now expects FY to be broadly in-line with expectations.

I am long here and not being sure how much of this is built into the current price (we all knew about the weather eh!) – Will keep an eye on price action and another eye out for broker notes.

Elcosoft (ELCO) – 85p – £66.2m – PER 21.0

Interim Results For The 6 Months To End June 2018 – Revenue up 5% to £10.5m from £10m (7% CC), Adjusted Operating Profit up 34% to £1.75m from £1.31m, Adjusted EPS up 38% to 1.8p from 1.3p. Net Cash stands at £2.66m up from £0.26m and the Interim Dividend is up 40% to 0.28p, from 0.2p. There’s also a change in FD which seems amicable.

I am long here but this update seems rather cautious.

Water Intelligence (WATR) – 333p – £50.7m – PER 35.0

Interim Results For The 6 Months To End June 2018 –   H1 Revenue up 39% to $11.80m (1H 2017: $8.52m) with all major revenue streams growing strongly. PBT comfortably in-line with expectations with EPS up 52% at 7.3c.

I am long here and these results seem to support a continued holding.

As always, all comment most welcome!

Advertisement
Stockopedia Banner