Morning Brief – 30-Jan-2019

Morning Brief Images 30-Jan-2019

UK Stock Market News Today – 30-Jan-2019

Morning all!

Best Of The Best (BOTB) – 220p – £22m – PER 17

Interim Results For The 6 Months To End October 2018 – Revenue up 28.5%, Adjusted Operating Profit up 14.7%, Adjusted EPS up 17.7%, Revenues now almost entirely online and there’s a proposal to return £3.5m to shareholders after conclusion of a VAT claim.

Remains of interest and this update should probably help the share price. The HUGE spread puts me off though, can be 15%+.

Hargreaves Services (HSP) – 292p – £94m – PER 14.3

Interim Results For The 6 Months To End November 2018 – Revenue up 12%, Loss made due to exceptional insolvency of Wolf Minerals (£8.1m), EPS up from 3.5p to 5.4p, Interim Dividend maintained at the same level.

I still have no conviction either way here.

Inspired Energy (INSE) – 17p – £122m – PER 9.7

Trading Update For The 12 Months To End December 2018 – Expects Revenue to be up 21%, Adjusted PBT to be up 22%, Net Debt to be £24m, the Order Book stands at £53m (£39m last year (up 36%)). Strong trading last year has continued into 2019.

This looks interesting again (having been a holder previously), will keep an eye out for Broker notes here today.

Low & Bonar (LWB) – 18p – £60m – PER 3.6

Final Results For The 12 Months To End November 2018 – There’s enough minus figures here for me to just leave this be for now. There’s also a placing.

Remains on my Avoid list.

Renew Holdings (RNWH) – 371p – £279m – PER 9.4

AGM Statement – Q1 trading in-line

Still looks about fairly priced here.

Solid State (SOLI) – 365p – £31m – PER 12.9

Trading Update For The 12 Months To End March 2019 – Revenue to be above current guidance with Adjusted Profit to he significantly ahead. Confident in an improved outlook for 2020.

I quite liked this previously but was unimpressed with the growth forecasts. I will be keeping an eye out for updated Broker notes now and may be tempted here.

Staffline (STAF) – 1000p – £279m – PER 8.1

Delay To Publication Of Results – The Company announces that publication of the results for the year ended 31 December 2018 has been delayed. The presentation for analysts previously scheduled for 9.30am on Wednesday 30 January and the presentation for private investors scheduled for 3.00pm on Thursday 31 January 2019 will be rescheduled.

A little worrying – Perhaps!

As always, all comment most welcome!

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