Morning Brief – 21-Nov-2018

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Morning Brief Images 21-Nov-2018

UK Stock Market News Today – 21-Nov-2018

Morning all!

Cambria Automobiles (CAMB) – 53p – £53m – PER 6.75

Audited Preliminary Results For The 12 Months To End August 2018 – Revenue down -2.2% to £630m, Underlying PBT down -13.3% to £9.8m, Underlying EPS down -14.7% to 7.84p – The Dividend is maintained at 1p.

Still Neutral here although with a NAV of £56.6m there’s some decent downside protection here.

Alpha Financial Markets Consulting (AFM) – 209.5p – £212.6m – PER 17.0

Interim Results For The 6 Months To End September 2018 – Revenue up 35%, Adjusted Operating Profit up 45%, EPS up over 20%, the Interim Dividend is up 30% or so – Net Cash of £10.6m. Expects FY to be slightly ahead of expectations.

I am Neutral here but could be tempted at this level – I will keep an eye out for upgrades here.

Creightons (CRL) – 27p – £16.8m – PER 14.3

Results For The 12 Months To End September 2018 – Revenue up 33.5%, PBT up 44.4%, Diluted EPS up 65.1%.

Looks very tempting and I retain coverage as I started when it was above my usual £30m Market Cap limit. I remain Neutral but will keep an eye out here for further progress.

Liontrust Asset Management (LIO) – 618p – £312.4m – PER 12.3

Results For The 6 Months To End September 2018 – Net inflows of £723m (£178m last time), although AuM is down from £12bn (30 September) to £11.5bn (19 November). Adjusted PBT up 21% and the Dividend is up 40%.

This popped on my Tech Screen a while ago and looks quite interesting. I am Neutral but will look into this a little more.

Finsbury Food (FIF) – 113p – £147.3m – PER 10.2

AGM Statement – Cautious enough but expects to be in-line.

Same as last time for me here “Still not enough here to get me interested – I remain Neutral”.

SCS (SCS) – 224p – £89.6m – PER 8.78

AGM Statement – Trading in-line with last year (even after getting rid of the the 27 House Of Fraser concessions) and continues to trade in-line with the Board’s expectations.

I am still Neutral here as in-line forecasts are for lower EPS than last year.

HSS Hire (HSS) – 33.1p – £56.3m – PER 10.4

Q3 Trading Update – Looks like decent progress with leverage down considerably.

Debt is still the issue here for me, I remain Neutral with an eye out for actuals.

Judges Scientific (JDG) – 2170p – £134.4m – PER 13.7

Trading Update For The 12 Months To End December 2018 – Expecting EPS to exceed current market expectations.

I still see this as over valued at present – I remain Neutral but will keep an eye out for upgrades based on this update.

Augean (AUG) – 42.5p – £44.1m – PER 5.48

Trading Update – FY Adjusted PBT to materially ahead of market expectations – Moved to a cash positive position with all bank debt repaid.

Attractive enough but there’s still that unknown – Outstanding landfill liability issue with HMRC (in this update it states “no further update on the assessment notifications from HMRC recently), I remain Neutral.

Stride Gaming (STR) – 125p – £94.8m – PER 6.83

Audited Results For The 12 Months To End August 2018 – Revenue up 8.7% with Loss of -£5m versus -£25m last time.

I was Neutral as this was in the “too confusing for me pile” – It’s now going on my Avoid list (easier shares out there for me to understand).

As always, all comment most welcome!

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