Morning Brief – 18-Oct-2017

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Morning Brief Images 18-Oct-2017

Morning All!

Flybe (FLYB) – 44p – £95.3m

H1 2017/18 Update – Higher than expected aircraft maintenance costs mean PBT is expected to be in the range of £5m to £10m H1 2017/18 – In H1 2016/17 adjusted PBT was £15.9m. The company is still “confident that we are still on a clear sustainable path to profitability in line with our stated plan”.

Not sure the market will gain confidence from this latest update.

Foxtons (FOXT) – 73p – £200.8m

Q3 Trading Update To End September 2017 – A mostly in-line update which actually seems slightly below expectations.

This latest update seems quite downbeat sounding to me.

Eckoh (ECK) – 51.5p – £129.7m

Trading Update For The 6 Months To End September 2017 – An in-line update and a confirmed move into Net Cash to the tune of £1.7m – At the end of H1 2017 Net Debt was £2.1m.

On a PER of 28.3, this looks a little overcooked here.

That’s all from me this morning, nothing much of interest to be honest – Nothing on the Long side at least.

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