UK Stock Market News Today – 18-Jul-2018
Morning all!
Carr’s (CARR) – 165p – £150.8m – PER 13.0
Trading Update For The 17 Week Period To End June 2018 – Trading slightly ahead of expectations, FY to be slightly ahead of expectations.
Looks like this was anticipated by some with the price up 10% yesterday! I will continue to sit on the side-lines here and keep an eye out for improving ROCE and Operating Margin.
Premier Foods (PFD) – 46.85p – £393.9m – PER 5.94
Trading Update For The 13 Weeks To End June 2018 – Q1 sales up 1.7%, H1 sales up 4.5% and FY expectations are unchanged.
Could be great value here (Stockopedia Value score of 88) but the Net Debt keeps me well away.
Bloomsbury Publishing (BMY) – 242p – £182.3m – PER 16.1
Trading Update For The 4 Months To End June 2018 – Revenues up 7.1% at CC or 5.5% LFL – FY in-line.
Remains on my Watchlist at 200p as I just can’t quite convince myself (probably wrongly) to pay up here.
Renold (RNO) – 29.25p – £65.9m – PER 5.89
AGM Statement – In-line.
Nothing to excite me enough to take this off my Avoid list.
MPAC (MPAC) – 218.5p – £44.1m – PER 17.5
Trading Update For The 6 Months To End June 2018 – FY Revenue to be in-line, FY Profits to be lower by £1.2m (ouch!) – Reckon that’s a 30%+ miss!
Having recently bought in here I will monitor the reaction this morning – Great broker forecasts (EPS growth for the next 4 years, starting with 2018, of 9.9, 14.1, 18.2 and 22.9 (2021)) issued just 2 months ago! Hey Ho!
Team17 (TM17) – 232.5p – £305.2m – PER 50.7
Trading Update For The 6 Months To End June 2018 – In-line.
Certainly flavour of the month, gaming companies – I need to do more research here though before considering investment. On a PER of 50.7 it better be compelling!
Hotel Chocolat (HOTC) – 346p – £390.4m – PER 32.7
Trading Update For 12 Months To 1st July 2018 – FY Revenue up 12% to £116m with PBT expected to be in-line.
I still can’t see any value here.
Headlam (HEAD) – 460.5p – £389.4m – PER 10.5
Trading Update For The 6 Months To End June 2018 – Revenue down 4.5% but still confident of delivering FY expectations.
I remain Neutral.
Strix (KETL) – 168.6p – £320.3m – PER 12.2
Trading Update For The 6 Months To End June 2018 – In-line.
As long as it protects its patents could be a decent dividend play – I am going to take this off my Watchlist now and go Neutral as I prefer Revenue and Profit growth to Dividend growth.
As always, all comment most welcome!
