Morning Brief – 22-Mar-2018

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Morning Brief Images 22-Mar-2018

UK Stock Market News Today – 22-Mar-2018

Morning all!

Safestyle UK (SFE) – 90p – £74.5m – PER 6.98

Results For The 12 Months To End December 2017 – In-line but not attractive (to me).

This is staying on my Avoid list for now.

Sopheon (SPE) – 655p – £65.5m – PER 23.5

Results For The 12 Months To End December 2017 – Revenue up to $28.5m from $23.2m in 2016, PBT up to $5.1m from $3.0m and Net Cash up to $9.5m from $4.2m. $19.3m Revenue visibility versus $14.5m last year and there’s a Maiden Dividend of 2.5p.

Upped my Watchlist price here from 500p to 600p.

Cello (CLL) – 117p – £122.3m – PER 13.9

Results For The 12 Months To End December 2017 – Revenue up 2.4% to £169.3m (2016: £165.3m), Reported PBT of £5.8m (2016: loss of £1.7m), Net Cash of £1.6m (2016: net debt of £5.1m), FY Dividend up 2.9% to 3.50p (2016: 3.40p). A good start to 2018.

I still can’t find enough here for me to be anything but Neutral.

James Latham (LTHM) – 694p – £136.3m – PER 13.2

Trading Statement For The 12 Months To End March 2018 – In-line.

I quite like this company but in-line isn’t attracting me (based on the forecasts (on Stockopedia)), I am Neutral for now.

Quixant (QXT) – 379p – £250.3m – PER 21.0

Results For The 12 Months To End December 2017 – Strong revenue growth of 21% to $109.2m (2016: $90.4m), Adjusted Pre Tax Profit up 28% to $17.7m (2016: $13.8m), Fully Diluted EPS of $0.197 (2016: $0.139), Net Cash of $4.5m (2016: -$0.1m). FY Dividend of 2.6p (2016: 2.0p). “The 2018 financial year has started well, giving us confidence that the year will continue to be one of stronggrowth and now we anticipate delivering growth ahead of our previous expectations”.

I was previously involved here but sold out for a small loss. I bought in originally for exposure to the gaming space and reckon, based on these results and it being cheaper – I am going to open a position here again.

Subsequent Note: I opened a new long position here today.

Strix (KETL) – 130p – £247.0m – PER 10.5

Preliminary Results For The 12 Months To End December 2017 – In-line with an in-line outlook.

Still doesn’t much appeal to me, looks like a slow grower with a small Dividend yield.

Subsequent note: On an annualised basis the dividend equates to 5.4%, that makes this much more attractive. It’s on the Watchlist at 130p.

Franchise Brands (FRAN) – 72p – £56.0m – PER 24.3

Results For The 12 Months To End December 2017 – Revenue up five-fold to £24.3m (2016: £4.9m) but Profits and EPS are down, Net debt of £6.3m (2016: Cash of £2.5m, Final Dividend doubled.

There seems to be potential here but for now I am just going to leave it on the Watchlist, 54p.

As always, all comment most welcome – Have a great day!

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