Morning Brief – 30-Jul-2018

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Morning Brief Images 30-Jul-2018

UK Stock Market News Today – 30-Jul-2018

Morning all!

Dialight (DIA) – 466p – £151.5m – PER 12.9

Interim Results For The 6 Months To End June 2018 – Revenue down from £92.7m to £80.1m with Underlying (and Statutory) Profit and EPS both halved to £2.8m and 6.4p respectively. Net Cash is down from £12.7m to £7.3m. As previously guided, FY results will be heavily H2 weighted.

Remains on my Avoid list for now.

Reach (RCH) – 72.8p – £217.9m – PER 1.94

Financial Report For The 26 Weeks To The 1st July 2018 – Revenue up 10% with a Statutory Loss of £107.3m (£150.0m impairment charge). Pension deficit is down from £80.6m to £297m and the Interim Dividend will be paid, 2.37p versus 2.25p last time. FY in-line with market expectations.

I just can’t get away from the Pension Deficit, the terminal decline of the print sector although some might fancy the 8% yield! I will remain Neutral for now.

Luceco (LUCE) – 37p – £59.5m – PER 5.16

Trading Update For The 6 Months To End June 2018 – Expects FY to be break-even.

This sounds woeful and remains on my Avoid list for now.

Clipper Logisitics (CLG) – 405p – £411.1m – PER 21.3

Preliminary Results For The 12 Months To End April 2018 – Revenue up by 17.6% from £340.1m to £400.1m, Profit up by 14.6% from £12.5m to £14.3m with EPS up by 13.6% to 14.2p (2017: 12.5p). The Dividend is up 16.7% to 8.4p (2017: 7.2p).

Still quite like this but going to go Neutral here as it seems to be priced about right for now.

City Pub (CPC) – 231p – £135.1m – PER 25.9

Acquisitions Update – Bought 3 new pubs from existing resources, pipeline of potential deals remains strong – Confident of 50 pubs (at buyers prices) by the year end, ahead of the plan set out in the IPO.

I remain Neutral here but will add it to my Watchlist to do more research – Looks quite interesting.

Nasstar (NASA) – 11.75p – £67.5m – PER 19.6

Trading Update For The 6 Months To End June 2018 – Confident FY will be in-line with management expectations.

First time I have looked at this and it looks interesting enough. Perhaps fairly priced here so will remain Neutral but will keep an eye out for those results.

As always, all comment most welcome!

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