Morning Brief – 27-Feb-2018

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Morning Brief Images 27-Feb-2018

UK Stock Market News Today – 27-Feb-2018

Morning all!

Johnson Service (JSG) – 136.2p – £499.2m – PER 15.7

Preliminary Results For The 12 Months To End December 2017 – Seems like a general set of all round 15% or so increases in Revenue, Profit, EPS and Dividend (12%).

Seems to be a decent well run and well oiled machine. Going to add this to my Watchlist, 125p – Would treat this as a very long term slow and steady growth tuck-away. The 5 year chart looks great, perhaps it can look similar in 2023!

Devro (DVO) – 200p – £333.9m – PER 13.2

Results For The 12 Months To End December 2017 – I think this is a slight miss on forecasts.

I can’t find any attraction here, the Net Debt of 40% or so of Mkt Cap being enough for me to remain Neutral.

Velocity Composites (VEL) – 84.5p – £28.4m – PER 11.2

AGM And Trading Statement – Not the most positive sounding update.

Even at this price (below the IPO price) I don’t see particularly great value – I am going to remain on the fence here.

DotDigital (DOTD) – 95p – £275.1m – PER 26.3

Interim Results For The 6 Months To End December 2017 – Revenue up 25% (17% organic growth) to £18.8m from £15.0m (in H1 2017) with Adjusted EBITDA up 8% to £5.7m from £5.3m (in H1 2017) – Which is in-line with management expectations.

I will leave this on my Watchlist at 80p for now (correction, 75p).

Swallowfield (SWL) – 318p – £53.6m – PER 12.2

Interim Results For The 28 Weeks To 6 January 2018 – Revenue up to £40.0m (2017: £39.7m) driven by strong growth (+25%) in owned brands (now 31% of Group Revenue). Underlying Operating Profit up 11% YoY to £3.40m (2017: £3.07m). Adjusted EPS up 16% year on year to 13.7p (2017: 11.8p). The Interim dividend is up 18% to 2.0p (2017: 1.7p).

Will leave this on the Watchlist at 310p.

As always, all comments most welcome and have a great day!

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