Morning Brief – 23-Oct-2018

Morning Brief Images 23-Oct-2018

UK Stock Market News Today – 23-Oct-2018

Morning all!

Bloombury Publishing (BMY) – 200p – £150.7m – PER 12.8

Unaudited Preliminary Results For The 6 Months To End August 2018 – Strong performance and on-track to achieve the Board’s FY expectations.

I hold here and continue to do so for now – Although I am considering selling out as this is looking perhaps reasonably priced.

1Spatial (SPA) – 39p – £38.5m – PER 17,794

Interim Results For The 6 Months To End July 2018 – Confident of delivery FY in-line with expectations.

Perhaps a corner has been turned here but with in-line meaning a small Loss is still on the cards I remain Neutral.

McBride (MCB) – 139p – £253.7m – PER 9.13

AGM Trading Update – “In the absence of further near term raw material and packaging cost rises, the Board expects full year earnings to be in line with expectations”.

Remains on my Avoid list for now.

Nexus Infrastructure (NEXS) – 180p – £68.6m – PER 8.82

Trading Update For The 12 Months To End September 2018 – Results will be in-line.

I held here and sold out earlier in the year after a bit of a profit warning. In-line suggest little change in EPS from last year but with a hefty load of Cash in the bank could become more interesting soon. Neutral with an eye out for updates.

Flowtech Fluidpower (FLO) – 114p – £69.4m – PER 7.13

Q3 Trading Update For The 9 Months To End September 2018 – Revenue up 54% and it seems the FY, without actually stating it, will be in-line. Or perhaps this is the fly in the ointment “Regarding the order for c.£1.5m to design, manufacture and supply hydraulic cylinders and power units to an appointed sub-contractor on the Thames Tideway project, reported last month, the Board is pleased to confirm that a return to positive progress has been made. A further update will be given in the full year trading update in January 2019”?

I remain Neutral having previously sold out around the 170p level (I believe). I would perhaps have been interested here again if the FY in-line was explicit.

As always, all comment most welcome!

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