Morning Brief – 19-Feb-2018

Morning Brief Images 19-Feb-2018

UK Stock Market News Today – 19-Feb-2018

Morning all, hope your weekend was great.

It’s a quiet start to the week here…

McColl’s Retail (MCLS) – 249p – £286.8m – PER 11.6

Preliminary Results For The 12 Months To 26 November 2017 And A Trading Update For The 11 Weeks Since Then – Revenue up 19.1% to £1.13bn (2016: £950.4m) following successful integration of 298 convenience stores (completed in mid-July 2017), LFL Revenue up 0.1%, Gross margin up 60 basis points to 25.7% (2016: 25.1%), PBT of £18.4m (2016: £17.7m). EPS of 18.3p (2016: 16.0p) and the Final Dividend is up just 0.1p to 6.9p. Supply issues (with Palmer & Harvey) are being addressed, 11 week LFL Revenue down 2.2% but total Revenue is up a healthy 26.7%.

The Net Debt (£142.2m now) of 50% of Mkt Cap and sub industry average Operating Margin is enough to put me off now.

Batm Advanced Communications (BVC) – 24.5p – £98.8m – PER 340.3

Trading Update For The 12 Months To End December 2017 – Expected to be ahead of market expectations. Revenue of $106m (up 17%), EBITDA of $7m (benefit of $5.6m from property sale) versus $2.8m last time.

I am just not interested here for a number of reasons including location, no real profit update and the reliance, it seems, on property sales for profits!

Have a great day!

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