Morning Brief – 24-Apr-2018

Morning Brief Images 24-Apr-2018

UK Stock Market News Today – 24-Apr-2018

Morning all!

Focusrite (TUNE) – 410p – £238.3m – PER 24.9

Interim Results For The 6 Months To End February 2018 – Revenue up by 21.2% (26% at constant currency) to £38.8m (HY17: £32.0m), PBT up by 26.8% to £5.8m (HY17: £4.6m), Diluted EPS up by 27.1% to 8.9p (HY17: 7.0p), Net Cash of £19.7m (FY17: £14.2m) and the Interim dividend is 1p, up 33.3% from 0.75p. ”Confident about the outlook for the rest of the year and beyond: future product plans are taking shape, the geographic expansion continues and the strategy developments are bearing fruit”.

I’m currently Long here but almost 20% of the High (earlier this month). Will keep an eye on it this morning as the market may have been expecting more here – If so, seems that some time early April some were expecting these numbers!

Sportech (SPO) – 65p – £120.6m – PER 27.1

Final Results For The 12 Months To End December 2017 – Revenues flat with profit from continuing operations up from £0.7m to £1.5m.

Might be OK but the numbers here are just too complicated for me. I am going to, rightly or wrongly, put it on my Avoid list for now.

AB Dynamics (ABDP) – 927p – £179.7m – PER 23.6

Interim Results For The 6 Months To End February 2018 – Revenues up 39% to £15.3m (H1 2017: £11.0m), PBT, excluding share option costs, up 34% to £3.30m (H1 2017: £2.46m), Diluted EPS up 82% to 12.03p (H1 2017: 6.61p) and the Interim dividend is up 10% to 1.465p (H1 2017: 1.331p). Good forward order book, providing visibility into FY2019, expects to meet market expectations. Still on the lookout for a new CEO.

Remains on my Watchlist at 850p for now – Although I am considering paying up.

IMImobile (IMO) – 279.4p – £173.5m – PER 20.4

Trading Update For The 12 Months To End March 2018 – Revenue up 45% ahead of market expectations, PAT in-line.

This looks pretty good, could be tempted to buy the break-out – Else it will go on my Watchlist, 250p.

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

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