Morning Brief – 19-Jul-2018

Morning Brief Images 19-Jul-2018

UK Stock Market News Today – 19-Jul-2018

Morning all!

Versarien (VRS) – 131.5p – £195.5m – PER 219.2

Preliminary Results For Year Ended March 2018 – Revenue up 52% to £9.02m, Loss Before Tax decreased by 27% £1.6m (2017: £2.2m).

I remain Neutral here on the basis there’s still no Profits.

Speedy Hire (SDY) – 60.5p – £316.9m – PER 12.5

Trading Update – On track to deliver FY in-line with the Board’s expectations.

I remain Neutral.

Quixant (QXT) – 445p – £295.2m – PER 22.0

Trading Update For The 6 Months To End June 2018 – Revenue and PBT in-line with management expectations.

I am long here – It’s forecast +19.8% EPS growth in 2018 and +18.1% in 2019 with an ROCE of 31.0% and well above Industry Operating Margin of 14.0% plus some Cash means I will remain long for now.

Everyman Media (EMAN) – 204p – £143.2m – PER 29.6

Trading Update For The 27 Weeks To 5th July 2018 – In-line.

Starting to actually like this a little more (EPS forecasts are great and if in-line, could justify this rating) but I just can’t get away from the fact so many people are preferring on-line (at home) services these days. I remain Neutral but am tempted.

Sopheon (SPE) – 760p – £77.0m – PER 19.1

Trading Update For The 6 Months To End June 2018 – In-line with expectations with Revenue and PBT for this period to be significantly ahead of last year.

Could be tempted here this morning but I will await broker notes following this update.

DotDigital (DOTD) – 73p – £217.1m – PER 18.9

Trading Update For The Year To End June 2018 – Revenues up c.35% to £43.1m (2017: £32.0m), Profit to be in-line. Confident FY 2019 will also be in-line.

This has actually touched my Watchlist price now and I am tempted here – Now looks more reasonable Value wise.

Carclo (CAR) – 106.5p – £78.1m – PER 9.09

AGM Trading Update – In-line.

The poor growth outlook, Debt and Pension Deficit leave this on my Avoid list.

Gama Aviation (GMAA) – 200p – £127.2m – PER 8.41

Trading Update For The 6 Months To End June 2018 – In-line.

I remain Neutral.

Goal Soccer Centres (GOAL) – 86.5p – £65.1m – PER 11.2

Trading Update For H1 2018 – Ouch! Expects H2 to benefit from the investment programme that has been undertaken but results for the FY are expected to be materially below market expectations, due to the impacts of the extreme weather in H1.

Like the concept but that’s not a valid investment case – I am staying away here, I remain Neutral.

As always, all comment most welcome!

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