Morning Brief – 27-Mar-2019

0
8352
Morning Brief Images 27-Mar-2019

UK Stock Market News Today – 27-Mar-2019

Morning all!

AB Dynamics (ABDP) – 1670p – £328m – PER 28.8

Trading Update For The 6 Months To End February 2019 – Revenue and Adjusted Operating Profit to be significantly ahead of last year – Confident FY will be in-line with management and market expectations.

Great update but I still don’t see value here on such a high rating.

Accesso Technology (ACSO) – 850p – £232m – PER 12

Results For The 12 Months To End December 2018 – Revenue up 15.5%, Adjusted Operating Profit up 25.5%, Adjusted Basic EPS up 23.8%, Net Cash down from $12.5m to $0.5m. 2019 has started in-line.

A new one from me having fallen from grace recently, it 3000p 6 months or so ago. Doesn’t look too bad based on these results, I will look into it in a little more detail, especially to see what 2019 in-line looks like.

Churchill China (CHH) – 1362p – £149m – PER 19.5

Results For The 12 Months To End December 2018 – Revenue up 7%, PBT up just over 10%, Adjusted EPS up 26% with the Final Dividend up 18%. 2019 has started well.

Still a lot to like here – It’s got Cash, a Brand, great ROCE, Op Margin, Double Digit growth and a well covered 2% or so Yield. However, it does look like all that is priced in at this level.

Inspired Energy (INSE) – 17.4p – £124m – PER 9.9

Results For The 12 Months To End December 2018 – Revenue up 24%, PBT up 40%, Adjusted Diluted EPS up 25%, FY Dividend up 18% and the Order Book is also up 36%. Net Debt up from £14.79m to £23.54m.

Still looks interesting apart from that Net Debt – Will keep an eye out for updated Broker notes.

As always, all comment most welcome!

Advertisement
Stockopedia Banner