Morning Brief – 29-Apr-2019

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Morning Brief Images 29-Apr-2019

UK Stock Market News Today – 29-Apr-2019

Morning all!

Lok’n Store (LOK) – 495p – £146m – PER 36

Interim Results For The 6 Months To End December 2018 – Revenue up 11.%, Net Profit up 22.7%, Interim Dividend up 10.2%, NAV up 16.1% (£4.85) and Net Debt is at £31.19m.

Looks over valued from a growth perspective but, I suppose, fairly valued from a NAV perspective.

Marlowe (MRL) – 417p – £161m – PER 18.5

Trading Update For The 12 Months To End March 2019 – Revenue up 62% (to £130m), EBITDA to be slightly ahead of current market expectations.

I still quite like this (it’s on my Watchlist) and a 10% increase in 2020E EPS forecasts would probably make me a buyer – Will keep an eye out for upgrades here.

Nasstar (NASA) – 12p – £69m – PER 24.6

Results For The 12 Months To End December 2018 – Revenue up 7% (£25.7m), 91% recurring, Statutory Loss made with Adjusted EPS up 9%, Net Cash at £1.5m (£1m in December 2017).

Still prefer to wait here to see an actual bottom line profit.

Nexus Infrastructure (NEXS) – 213p – £81m – PER 9

Trading Update For The 6 Months To End March 2019 – Delays and cost pressures put significant impact on FY profitability.

Been burnt here previously on a profit warning, glad I sold out.

UP Global Sourcing Holdings (UPGS) – 71p – £58m – PER 9.9

Interim Results For The 6 Months To End January 2019 – Strong trading with Revenue up 20.8%, Underlying PBT and EPS up 40% or so as is the Interm Dividend. Trading for FY 2019 is comfortably in-line.

Still quite like this and will be keeping an eye out for revised Broker notes this morning – Looks like excellent growth for a single digit (just about) PER.

Xpediator (XPD) – 46.5p – £62.2m – PER 9.7

Results For The 12 Months To End December 2018 – Revenue up 54.1% to £179.2m (21.8% LFL), Adjust PBT up 81.2% (to £7.2m), Net Cash at £3.2m, EPS up 115.2% (to 3.53p) with the Total Dividend up 27.3%. Positive start to Q1, on track for £200m+ Revenue.

Sold out here after the 20% fall from highs, but this looks quite good and will keep an eye out for Broker updates here.

As always, all comment most welcome!

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