Morning Brief – 14-Feb-2018

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Morning Brief Images 14-Feb-2018

UK Stock Market News Today – 14-Feb-2018

Morning All!

HSS Hire (HSS) – 24.25p – £41.3m – PER n/a

Trading Update For The 12 Months To 30 December 2017 –  In-line with guidance given in August – H2 adjusted EBITA of £8m – £11m. Cost reduction process going well

Still, with so much Debt here it’s just not for me.

Hargreaves Services (HSP) – 360p – £115.2m – PER 17.3

Interim Results For The 6 Months To End November 2017 –  Underlying trading in-line with Revenue down to £150.3m (from £170.9m, Underlying Profit up about 10% from £2.1m to £2.3m. EPS is 2.7p and the Interim Dividend remains unchanged, 2.7p. Net Debt reduced by 40%+ to £20.6m.

Not sure if this is good news or not, it will remain on my Watchlist at 270p for now.

Keystone Law (KEYS) – 247p – £72.2m – PER 25.7

Trading Update (Ahead Of Maiden Results) For The 12 Months To End January 2018 –  “The Board is pleased to report that the Group has continued to trade strongly through the period, delivering significant growth and expects to report profits which will be comfortably ahead of current market expectation”.

This looks OK actually, I will keep an eye out for those actual results (can’t find any broker notes) in April.

Water Intelligence (WATR) – 179.5p – £21.7m – PER 21.1

Trading Update For The 12 Months To End December 2017 –  Revenue up 45% to $17.7m (2016: $12.2m), Adjusted PBT up 21% to $1.7m (2016: $1.4 million). I like these words “upward growth trajectory, referred to in the Q3 Trading Update, remained consistent for the remainder of 2017”, “Revenue and PBT (adjusted) each grew significantly during 2017 compared with 2016”, “Importantly, the rate of growth along both dimensions actually accelerated year-over-year when reviewing 2016 results”, “scaling faster on all fronts”.

I am Long here and based on this update I see little reason to sell.

A great day to all!

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