UK Stock Market News Today – 23-May-2018
EasyHotel (EZH) – 128p – £128.6m – PER 72.8
Interim Results For The 6 Months To End March 2018 – Revenue up 51.7% with PBT up 52.5%. FY remains in-line.
I can’t get past Neutral here on a PER of 72.8, I must surely be missing a trick here!
Hollywood Bowl (BOWL) – 223p – £334.5m – PER 17.1
Interim Results For The 6 Months To End March 2018 – LFL Revenue up 9.3% (£63.6m vs £58.2m), PBT up 17.4% (£14.6m vs £12.4m), EPS up 18.1% and the Interim is up 12.8% – Debt down almost 50% (£7.2m). FY expected to be in-line.
This is quite impressive and having moved from to Neutral recently I find myself inclined to at least have this on my Watchlist – 200p if I do not open a position soon.
Sanderson (SND) – 105p – £62.8m – PER 15.8
Interim Results For The 6 Months To End March 2018 – Slightly ahead of management’s expectations, Revenue up 34% to £14.61m (2017: £10.90m), Operating Profit up 34% to £2.08m (2017: £1.55m). Confident on FY.
Looking good here, will add it to my Watchlist at 95p.
Stride Gaming (STR) – 202p – £153.1m – PER 8.47
Interim Results For The 6 Months To End February 2018 – Revenue up 14% with Profit After Tax up 114%, Adjusted EPS down -7% and Basic Profit up 113% from -£15.3m to £2.0m.
Just way too confusing for me, I remain Neutral.
NAHL (NAH) – 123.25p – £56.9m – PER 6.68
AGM Statement – In-line.
Still not interested in investing in this company (mainly due to its primary activity), I am actually going to cease coverage.
Medica (MGP) – 133.4p – £148.2m – PER 16.4
AGM Statement – Started well, FY in-line with the Board’s expectations.
EPS forecast as +39% in 2018 and +14.1% the year after, ROCE and Operating Margin are great, there’s a small well covered Dividend and Debt is small. Not sure I am missing something here but this looks pretty good!
Frontier Smart Technologies (FST) – 149.5p – £60.8m – PER n/a
Trading Update For The 4 Months January To End April 2018 – Challenging trading conditions in Q2-2018 are likely to have an adverse impact on the Group’s FY-2018 trading performance. Consequently, the Board is revising its guidance for FY-2018, FY sales of approximately US$47.7m (£34.9 million) and EBITDA of circa US$1.0 million (£0.8 million).
Still not interested here until I see an actual profit.
As always, all comment most welcome!