Morning Brief – 26-Jun-2019

Morning Brief Images 26-Jun-2019

UK Stock Market News Today – 26-Jun-2019

Morning all!

Air Partner (AIR) – 85p – £44m – PER 9.5

AGM Statement – Challenging but still expect to meet FY expectations (with H2 weighting).

Even on a lowly valuation I am still not tempted here, especially with such a cautious statement.

Avingtrans (AVG) – 226p – £71m – PER 15.9

Trading Update For The 12 Months To End May 2019 – Revenue (£104m (8% ahead)) and PBT (£5.2m (21% ahead)) to be ahead of market expectations with Net Debt down to £1.9m.

This looks quite good and seems like the Hayward Tyler integration is going well, this made me nervous here but perhaps I am being overly cautious!

Creightons (CRL) – 35p – £22m – PER 13.5

Results For The 12 Months To End March 2019 – Revenue up 26.4%, Operating Profit up 77.4% and Fully Diluted EPS is up from 1.85p to 4.16p.

Looks very tempting and I retain coverage as I started when it was above my usual £30m Market Cap limit, perhaps it will be back there soon!

Next Fifteen Communications (NFC) – 605p – £515m – PER 15.9

AGM Trading Update – Year has started in-line, confident for FY.

I still consider this fairly priced around the 500p level, even if it hits forecasts.

Sumo (SUMO) – 148p – £223m – PER 20.4

AGM Trading Update – 2019 FY trading is in-line.

I will wait to see actuals here, I would really like to get some exposure to the gaming sector but I just can’t find the right place yet – I don’t think it’s here!

Vianet (VNET) – 128p – £36m – PER 13.7

Trading Update – First 2 months trading slightly ahead.

Encouraging update but still looks fairly priced around the 120p level, but, worth keeping an eye out here for Broker upgrades (perhaps!).

Zoo Digital (ZOO) – 66p – £49m – PER 32.2

Results For The 12 Months To End March 2019 – Revenue flat, PBT of $1.3m (loss of -$5m last time).

Way too confusing for this time of the day, I will keep an eye out for Broker notes later in the day – Gut feel, doesn’t look good!

As always, all comment most welcome!

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