Morning Brief – 27-Nov-2017

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Morning Brief Images 27-Nov-2017

Morning All!

Intercede (IGP) – 28.5p – £14.4m – PER n/a

Interim Results For The 6 Months To End September 2017 – Revenue up 29% to £3.7m (2016: £2.8m), Loss down by 23% to £2.1m (2016: £2.8m), a basic loss per share of 4.3p (2016: 5.7p) withCash balances of £4.8m (2016: £1.4m). The Chairman is pleased with the progress and expects Revenue growth of 10% – 20% for the year – Assume there will not be a profit.

Revenue growth here is good and it’s got Cash but apart from that there’s no attraction for me.

Trakm8 Holdings (TRAK) – 137.5p – £49.1m – PER 15.2

Interim Results For The 6 Months To End September 2017 – Revenue up 12%, PBT up 157% in-linewith expectations and EPS up 125%.

A decent set of results but I am still not convinced with the story here.

Ramsdens Holdings (RFX) – 184p – £56.7m – PER 11.6

Interim Results For The 6 Months To End September 2017 – Revenue up 18% to £21.8m, PBT up63% to £5.2m and there’s an Interim Dividend of 2.2p. Net assets and Net Cash are also up.

I’m a holder here.

Kainos (KNOS) – 288p – £240.8m – PER 25.4

Interim Results For The 6 Months To End September 2017 – An in-line update which looks pretty flat.

Looks OK but on a PER of 25.4 I would be expecting a little more progress than this.

Cerillion (CER) – 119.5p – £35.3m – PER 13.9

Final Results For The 12 Months To End September 2017 – A “strong set of results” which actually seem to be about in-line.

Actually doesn’t look too bad but there’s not enough to tempt me at the moment.

Patissere Holdings (CAKE) – 313.75p – £313.8m – PER 17.3

Preliminary Results For The 12 Months To End September 2017 – “Excellent financial results, achieving our targets in a challenging environment”.

For me these results look about right. Actually, if I had more faith in the high street I could be tempted here.

Gateley (GTLY) – 168.5p – £180.1m – PER 15.0

Trading Update – Revenue expected to be up 10% and EBITDA to be in-line with last year.

Hardly inspiring!

Universe (UNG) – 6.88p – £16.0m – PER 6.94

Trading Update – High value contracts will not come in on time, EBITDA expected to be around £2.7m.

Down 40% in the past 6 months, not sure how much of a miss this or how much it was priced in. Anyway, it’s not something I will be looking into further at present.

Have a great day all.

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