Morning Brief – 24-Nov-2017

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Morning Brief Images 24-Nov-2017

Morning All!

Fuller Smith & Turner (FSTA) – 965p – £521.6m – PER 14.5

Interim Results For The 26 Weeks To End September 2017 – Revenue up 6% to £209.3m (£197.6m last time), Adjusted PBT up 4% to £23.8m (£22.8m last time), Adjusted EPS up 5% to 34.22p and the Interim Dividend is up 4% to 7.55p.

The outlook for the sector is not exactly great and this update it not exactly inspiring. For now I will remain Neutral here and in the sector in general.

Future (FUTR) – 384p – £174.3m – PER 18.1

Final Results For The Year Ending September 2017 – Revenue up 43% to £84.4m (£59.0m last time), Operating profit of £0.8m (loss of £14.2m last time), EPS of 4.3p per share (loss of 59.6p per share last time). The Board is also considering paying a Dividend at the end of the current financial year ending September 2018.

Good Revenue increase, a big turnaround from loss making into Profit and confidence in considering a Dividend payment. With the outlook in-line and in a growing industry this is going on my Watchlist.

WYG (WYG) – 67p – £48.7m – PER 7.68

Trading Update – A further revision to expectations confirms Operating Profit for the full year will be “substantially lower than current market expectations and in the range of £3.5m to £4.0m, with net debt expected to be in the region of £6.0m to £7.0m”.

This was already on my Avoid list and will remain there for the time being.

That’s it from me for today, interested in Future (FUTR) – Good Weekend to all!

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