Morning Brief – 15-Apr-2019

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Morning Brief Images 15-Apr-2019

UK Stock Market News Today – 15-Apr-2019

Morning all!

Carr’s (CARR) – 156p – £143m – PER 10.7

Interim Results For The 26 Months To 2nd March 2019 – Revenue up 3%, Adjusted PBT up 4.5% and Adjusted EPS up 2.2% – FY outlook remains unchanged.

Not enough to get me any more interested.

Filta Group (FLTA) – 230p – £67m – PER 19.5

Results For The 12 Months To End December 2018 – Revenue up 23%, Gross Margin at 49.8% (49.2% last time), PBT £1.7m (£1.6m last time), Basic EPS of 4.86p (2.9p last time) and the Total Dividend is up 26%.

I am Long here, will check the market reaction to these results as the EPS figure seems a little strange to me, was expecting 5.4p versus 5.1p last time.

IG Design (IGR) – 600p – £470m – PER 19

Trading Update For The 12 Months To End March 2019 – FY to be in-line, Net Cash up.

Sold out here recently believing 500p or so to be fair value, looks like I may have been wrong there!

Redcentric (RCN) – 78p – £116m – PER 14.6

Trading Update For The 12 Months To End March 2019 – In-line with Net Debt down from £27.6m to £17.6m.

Could be value here after being beaten up this past couple of years. Tempting enough to go on the Watchlist.

Robert Walters (RWA) – 596p – £452m – PER 11.6

Trading Update For The 3 Months To End March 2019 (Q1) – Solid start, in-line.

I reckon this is fairly valued (at best) around this level.

Sanderson (SND) – 93.5p – £56m – PER 10.9

Trading Update For The 6 Months To End March 2019 – Ahead of managements expectations.

An ex-holding which I considered fairly valued around this level – This ahead of may change that though so I will keep an eye out for upgraded Broker notes.

XP Power (XPP) – 2540p – £489m – PER 13.9

Trading Update For The 3 Months To End March 2019 (Q1) – Expects FY to be in-line (H2 weighted).

I don’t see any value here and I never like to see H2 weighting mentioned.

As always, all comment most welcome!

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