Morning Brief – 16-May-2018

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Morning Brief Images 16-May-2018

UK Stock Market News Today – 16-May-2018

Morning all!

Speedy Hire (SDY) – 59p – £309.0m – PER 12.9

Results For The 12 Months To End March 2018 – Revenue up 6.4% to £371.6m (2017: £349.1m), Adjusted PBT up 59.9% to £25.9m (2017: £16.2m), Net Debt reduced to £69.4m (2017: £71.4m) after £21.3m of acquisition spend, Adjusted EPS 4.04p (2017: 2.45 pence), FY Dividend up 65.0% to 1.65p (2017: 1.00p). New year started well, confident to deliver in-line.

These results (except the Dividend) seem like a bit of a miss to me – Based on the numbers I am looking at (on Stockopdeia). Nevertheless, there’s not enough here to tempt me, I’m Neutral.

Moss Bros (MOSB) – 47.05p – £47.4m – PER 22.6

Trading Update For The 15 Weeks 28 January 2018 To 12 May 2018 – Trading has improved since the last update (in March) but Sales are still down.

Leaving this on my Avoid list for now.

Best Of The Best (BOTB) – 218p – £22.0m – PER 23.5

Trading Update For The 12 Months To End April 2018 – Comfortably in-line with managements expectations – On-line growing (moving away from physical sites). Extended offering from cars to watches, motorbikes and other luxery items.

Covered this as it was >£30m when I first covered it. I like the idea here but I don’t like the spread or the fact it’s forecast for reduced EPS for 2018 and 2019 (even on increased revenue).

As always, all comment most welcome!

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