Morning Brief – 29-Oct-2018

Morning Brief Images 29-Oct-2018

UK Stock Market News Today – 29-Oct-2018

I Read The News Today Oh Boy! 29-Oct-2018

Morning all!

Lok’n Store (LOK) – 374p – £110.4m – PER 29.7

Preliminary Results For The 12 Months To End July 2018 – Revenue up 6.6 %, PBT up 34.3%, Total Dividend up 10% – 3 new stores opened this year, 3 planned for next and 5 new sites secured.

Still quite tempted here but just not quite enough to move from Neutral yet.

Warpaint London (W7L) – 205p – £157.3m – PER 12.6

Trading Update For The 12 Months To End December 2018 – Expects Revenue of £48m – £52m and PBT of £6m – £7.5m (after exceptionals!) – Challenging UK market. This looks like quite a miss as I have £12.4m as a PBT estimate for the year, Revenue £55m.

I am Long here but will be considering an exit here this morning.

Gordon Dadds (GOR) – 181.5p – £52.2m – PER 12.5

Statement Regarding Merger – Agrees to buy Ince & Co International LLP and its affiliated entities to create the UK’s largest listed law firm by revenue. Trading for the 6 months to end September are in-line and shares will remain suspended until final terms on the merger are clarified.

This seems like good news – I am Long here and will remain so for now (cause I can’t even sell at the moment anyway!).

Gama Aviation (GMAA) – 152p – £96.7m – PER 6.45

Trading Update For The 12 Months To End December 2018 – From FY expectations being unchanged just 1 month ago it now seems FY Underlying Operating Profit will miss by $3m – I am guessing that’s a 30% – 40% miss (hard to spot that a month ago I guess!).

Would have to do a lot to earn some trust and respect back here – I remain Neutral.

As always, all comment most welcome!

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