Morning Brief – 27-Jun-2019

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Morning Brief Images 27-Jun-2019

UK Stock Market News Today – 27-Jun-2019

Morning all!

Anpario (ANP) – 337p – £79m – PER 18

AGM Statement – Challenges but margins improved and expects FY to be in-line.

I see no value here at all at present.

Liontrust Asset Management (LIO) – 718p – £364m – PER 14

Results For The 12 Months To End March 2019 – Revenue, Adjusted PBT and EPS both up 10% – Consistent!  The Total Dividend is up 29%.

Looks quite good but just too dependent on in-flows into AUM, just like all Asset Management companies.

James Latham (LTHM) – 835p – £164m – PER 13.2

Results For The 12 Months To End March 2019 – Revenue up 9.4%, PBT flat (£15.3m), EPS up 6.4% and the Dividend is up just under 10%.

Still seems steady enough here but can’t see any kicker for getting past the pedestrian growth here.

Manolete Partners (MANO) – 527p – £229m – PER 31.4

Maiden Results For The 12 Months To End March 2019 – Ahead of expectations, Revenue up 30% (from £10.6m to £13.8m), PBT up 85% (pre IPO costs), Maiden Dividend 1.49p, Investment cases up 72%, Cash at £9.7m.

First coverage here, looks good – Will be looking into this in more detail.

Scientific Digital Imaging (SDI) – 54p – £52m – PER 16.2

Trading Update For The 12 Months To End April 2019 – Expects Revenue of £17.4m, PBT no less than £2m, Net Debt £1.6m.

I am Long here and this looks quite good.

Wincanton (WIN) – 267p – £333m – PER 7.7

AGM Statement – In-line.

Perhaps attractive for the yield but not so sure about there being much potential for meaningful growth – Probably reflected in the rating.

As always, all comment most welcome!

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