Morning Brief – 20-Nov-2017

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Morning Brief Images 20-Nov-2017

Morning All!

Bonmarche Holdings (BON) – 89p – £44.5m – PER 6.19

Interim Results For The 6 Months To End September 2017 – Revenue up 5% (£97.8m (FY17 H1: £93.1m), LFL sales growth 4.3% (store-only LFL sales up 1.6%, online sales up 38.6%), in-line with Board expectations – PBT £4.2m (FY17 H1: £2.0m). Net cash of £14.9m (FY17 H1: £9.8m), Dividend flat at 2.5p per share.

With so much cash on the books now, that 8% Dividend is starting to look attractive here.

TT Electronics (TTG) – 216.25p – £351.3m – PER 18.2

Trading Update For The 4 Months To End October 2017 – An in-line update.

Looks OK here but just not enough to tempt me at present.

Xaar (XAR) – 456.75p – £355.4m – PER 25.7

Trading Update For The 4 Months To End October 2017 – After expecting Revenue to be second half weighted, it now seems it will not be – More so, it will be in-line. Supply constraints are apparently the issue – Significant growth is expected in 2018.

This latest update is actually quite confusing and hard to get to the bottom off. That and the fact it’s highly rated, is enough to put me off here. Although if the “significant growth in 2018” is to be believed, any dip here may present a buying opportunity for the faithful.

That’s it from me for today.

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