Morning Brief – 24-Aug-2018

Morning Brief Images 24-Aug-2018

UK Stock Market News Today – 24-Aug-2018

Morning all!

Henry Boot (BOOT) – 270.5p – £360.1m – PER 9.59

Unaudited Interim Results For The 6 Months To End June 2018 – PBT, EPS and Interim Dividend all up circa 15% with Net Debt reduced from £62.2m to £26.0m. FY 2018 expected to be in-line.

Forecasts look quite poor (Revenue flat, EPS -13.3% then up 2.87% in 2018E and 2019E respectively). I remain Neutral.

Air Partner (AIR) – 113p – £59.0m – PER 12.2

Trading Update For The 6 Months To End July 2018 – H1 (Underlying PBT) in-line with Board’s expectations (and with the same period last year).

A rather lack lustre update means I will remain Neutral here for now.

As always, all comment most welcome!

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