Morning Brief – 19-Dec-2017

Morning Brief Images 19-Dec-2017

Morning All!

Kromek (KMK) – 27p – £70.3m – PER n/a

Interim Results For The 6 Months To End October 2017 – A little strange this one. Revenue is up27% to £4.8m (from £3.8m) and Gross Margin is up from 53% to 63%. Yet, Loss Before Tax is the same, -£1.8m. Cash stands at £15m.

No interest for me – Even forecasts, to double Revenue here by 2019, reflect an overall loss.

Koovs (KOOV) – 26.55p – £46.6m – PER n/a

Interim Results For The 6 Months To End September 2017 – This is such a mixed up update. My main observation is this “the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to £1.7m and website traffic up 43%. However, marketing expenditure is currently significantly down due to the ongoing funding requirements of the Group, which the Company expects to affect FY18 sales overall. Additional marketing expenditure is conditional upon the timing of closure of the funding programme announced in July 2017, which the Company continues to expect to close shortly”.

I just think these guys are going to need even more money soon – I am avoiding it for now.

DotDigital (DOTD) – 96p – £284.0m – PER 28.5

AGM Statement  Positive trading continues and progress is in-line with managements expectations – Board is “confident in achieving its ambitious growth plans”.

There’s still a lot to like here – Rightly or wrongly I’m just not willing to pay up. Will keep an eye on it though.

Have a great day all.

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