Morning Brief – 28-Feb-2018

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Morning Brief Images 28-Feb-2018

UK Stock Market News Today – 28-Feb-2018

Morning all!

A few tricky ones (for me) this morning!

PPHE Hotel (PPH) – 1150p – £486.7m – PER 14.9

Audited Results For The 12 Months To End December 2017 – Revenue up 19.3% to £325.1m (2016: £272.5m), normalised PBT up by 1.1% to £32.1m  (2016: £31.7m), normalised EPS down 14.4% to £0.58 (2016: £0.68), total Dividend up 14.3% for the year.

There’s perhaps more upside here but for previous reasons I am not going to get involved – E.g. sector disruption and Net Debt.

Science (SAG) – 216.9p – £85.4m – PER 15.2

Audited Results For The 12 Months To End December 2017 – Seems in-line, not exactly inspiring.

A new one for me. Looks OK but seems (perhaps) fairly priced round about here – Although the company is seeking the right to buy back up to 10% of the shares. Will keep an eye out on future updates.

Tarsus (TRS) – 308p – £348.4m – PER 17.8

Final Results For The 12 Months To End December 2017 – LFL Revenue up 7% but the rest is just too complicated for me.

This is going on my Avoid list. The seesaw results and fundamentals always confuse me (I think it’s related to bi-annual events). There’s simpler to understand companies than this out there and I prefer those.

Avingtrans (AVG) – 226p – £69.4m – PER 39.2

Interim Results For The 6 Months To End November 2017 – Revenue up from £9.6m to £26.9m, Adjusted Loss Before Tax -£0.1m (-£0.2m last time), Adjusted Diluted EPS 0.4p (2017 H1: loss 0.4p), Net Debt of £8.2m (31 May 2017: Net Cash £26.4m) and the Interim Dividend is up by 8.3% to 1.3p (2017 H1: 1.2p).

I just have no idea how this is going to turn out and at this price I am not going to get involved.

Safestyle UK (SFE) – 152p – £125.8m – PER 10.0

Trading Update – The woes continue – “Order intake in 2018 to date has been disappointing andbelow our expectations”. And “Guidance for the year ended 31 December 2017 remains unchanged.  The Board now expects Group revenues and underlying PBT for the year ending 31 December 2018 to be materially below 2017 levels and current market expectations”.

Remains on my Avoid list for now.

Appreciate all input as always. Great day to all!

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