Morning Brief – 23-May-2018

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Morning Brief Images 23-May-2018

UK Stock Market News Today – 23-May-2018

Morning all!

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!

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