Morning Brief – 28-Mar-2019

Morning Brief Images 28-Mar-2019

UK Stock Market News Today – 28-Mar-2019

Morning all!

Eddie Stobart Logistics (ESL) – 98p – £372m – PER 7.3

Results For The 12 Months To End November 2018 – Revenue up 35%, Operating Profit up 21% (before exceptionals), Net Debt up from £109.5m to £159.7m, Adjusted EPS up 16.3% (to 11.4p, 9.8p last time). New has started in-line.

I still think there may be value here with that 5%+ yield but will surely be dependent on a favourable Brexit outcome. Tempting but will watch from the side-lines for now.

Fulcrum Utility Services (FCRM) – 34.25p – £75.8m – PER 7.4

Trading Update – Looks like a mild Profit warning with a 10% or so miss.

As an ex-holder I am not yet tempted back in here.

Fulham Shore (FUL) – 11.25p – £64.3m – PER 167.9

Year End Trading Update – In-line, considering Dividend.

Still seems to be heading in the right direction however the sector remains out of favour. I’m not quite tempted into the sector just yet.

NMCN (NMCN) – 695p – £70.5m – PER 8.5

Results For The 12 Months To End December 2018 – In a morning haste, not very easy to work out what’s going on here, I picked this out ” Results overall for the year were marginally better than the Board’s expectations. Profit before tax amounted to £6.03 million (2017 restated: £9.11 million)”.

Been watching this since is was half this price – What stops me buying in is the complete lack of any forecast data.

Scisys (SSY) – 170p – £50m – PER 12.7

Results For The 12 Months To End December 2018 – Comfortably in-line with Revenue up 10%, Adjusted Basic EPS up 40% or so, Final Dividend up 10%, Net Debt down from £5.9m to £3.1m and the Order Book up 10% or so.

Still looks good, will be keeping an eye out for Broker updates here today.

Volex (VLX) – 83.6p – £123m – PER 8.1

Trading Update – Continues to be ahead of market expectations, FY Revenue to exceed $365m.

This looks good to me – I remain Long here.

As always, all comment most welcome!

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