Morning Brief – 18-Feb-2019

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Morning Brief Images 18-Feb-2019

UK Stock Market News Today – 18-Feb-2019

Angling Direct (ANG) – 72p – £50m – PER n/a

Trading Update For The 12 Months To End January 2019 – Revenue up 38.% from £30.24m to £42m. Enters the new financial year in a strong position to grow organically and by acquisitions – Confident of acheiving this years targets.

This company is not very good at updating on Profits and that’s the case again here. One must wait to see the actuals.

McColl’s Retail (MCLS) – 50p – £58m – PER 4.3

Preliminary Results For The 52 Weeks To 25th November 2018 – Revenue up 8.1% to £1.24bn (LFL down -1.4%), PBT down from £18.4m to £7.9m, Net Debt much better at £98.6m (£142.2m last time). EPS down from 12.3p to 5.9p and the Dividend is down from 10.3p to 4p.

I still don’t see an investment case here for me at present.

Xpediator (XPD) – 46p – £61.5m – PER 9

Trading Update For The 12 Months To End December 2018 – Revenue and Profit in-line with Revenue up 54% to £179m (£116m last time), led by acquisition growth. No mention of Profit figures, why not? States it’s well placed to support customers through Brexit.

Still Long here (although I should really have Sold on a 20% drop from the ATH (took my eye off the ball in the 2018 Q4 sell off)) and will remain so for now.

As always, all comment most welcome!

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