Morning Brief – 15-Jan-2018

Morning Brief Images 15-Jan-2018

UK Stock Market News Today – 15-Jan-2018

Morning All!

Carillion (CLLN) – 14.2p – £61.1m – PER 0.68

Compulsory Liquidation – The news many were expecting!

Seems like having your fingers crossed does little to warrant a happy outcome for holders here. Hopefully the impact on those involved will be handled appropriately.

Tax Systems (TAX) – 80.9p – £65.3m – PER 16.8

Trading Update For The 12 Months To End December 2017 – In-line with a small reduction in NetDebt (to £20.5m). The Board is confident of a successful year ahead.

I just don’t like the numbers here generally – Below (industry) average ROCE and Operating Margin and the Net Debt (about 30% of Mkt Cap).

Judges Scientific (JDG) – 2080p – £127.7m – PER 16.8

Trading Statement For The 12 Months To End December 2017 – A bit of waffle, the key is EPS for the full year will be ahead of current market expectations.

Quite like the overall look of this but not enough to get involved at this level. I’m going to put it on my Watchlist, 1800p.

Carclo (CAR) – 125p – £91.6m – PER 8.51

Trading Update and Board Changes – Double Ouch! Results will be significantly lower than previously planned and the FD has been replaced.

The Net Debt is 30% of Mkt Cap, could be trouble ahead here – It’s going on my Avoid list.

TP (TPG) – 6.38p – £48.4m – PER 31.9

Trading Update For The 12 Months To End December 2017 – In-line despite challenging conditions, Board remains confident.

Quite like the look of this, will keep my eye out here for actuals and some forecasts.

A good day to all!

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