Morning Brief – 21-Dec-2017

Morning Brief Images 21-Dec-2017

Morning All!

After finding nothing yesterday, I found just the one today (which was hardly worth getting up for!)…

Concurrent Technologies (CNC) – 85p – £61.8m – PER 12.0

Trading Update For The 12 Months To End December 2017 – In-line and “expects to continue the practice of paying a further interim dividend”.

Still quite like this. Fundamentals look OK especially the ROCE and Operating Margin. It’s also got Cash and a modest, slowly growing Dividend (currently about 2.5%) which is well covered. However, on a PER of 12 that Revenue, Profit and EPS CAGRs <=3.5% are rather poor. Just seems to be a lack of ambition here and it’s enough to put me off.

Have a great day!

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