Morning Brief – 24-May-2018

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Morning Brief Images 24-May-2018

UK Stock Market News Today – 24-May-2018

Morning all!

Shoe Zone (SHOE) – 172p – £86.0m – PER 10.2

Interim Results For The 6 Months To End March 2018 – Says first half in-line but based on the forecasts, I am not so sure it is.

The low PER and great yield may tempt some. I will remain Neutral for now.

Huntsworth (HNT) – 99p – £326.9m – PER 14.7

Trading Update For The 4 Months To End April 2018 – In-line.

I am Long here and will remain so for now.

Alliance Pharma (APH) – 89.2p – £424.1m – PER 18.8

AGM Statement – In-line.

Was on my Watchlist at 60p but looks like growth is forecast to slow now. I am going to go Neutral here for now.

Henry Boot (BOOT) – 297.5p – £396.0m – PER 10.5

AGM Statement And Trading Update – In-line with FY 2018 expected to be in-line.

Forecasts look quite poor so I am now removing this from my Watchlist – Neutral for now.

Headlam (HEAD) – 482.5p – £409.4m – PER 10.7

AGM Statement – Not so encouraging.

Growth was already forecast to slow here and this probably won’t help. I will remove this from my Watchlist and go Neutral for now.

StatPro (SOG) – 180.5p – £118.5m – PER 23.9

AGM Statement And Trading Update – In-line with Fixed Income module to be launched in Q3 2018, as planned.

Forecasts look great here and any break above 190p would surely be positive, it’s on my Watchlist at that level (yes, to consider buying the break-out).

Sportech (SPO) – 83.4p – £155.8m – PER 32.3

AGM Statement – Not sure what they’re trying to say here.

Mentioned this previously, this is just too complicated for me. Already on my Avoid list, I am now going to cease coverage altogether.

As always, all comment most welcome!

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