Morning Brief – 30-May-2018

Morning Brief Images 30-May-2018

UK Stock Market News Today – 30-May-2018

Morning all!

Oxford Metrics (OMG) – 77.5p – £96.2m – PER 19.3

Interim Results For The 6 Months To End March 2018 – Record first half performance with Revenue £14.3m, up 10.9% (H1 FY17: £12.9m) and Adjusted PBT of £1.5m (H1 FY17: £1.6m), in line with expectations. On track to deliver 5 year plan to double profits.

Metrics (on Stockopedia) look quite good but I am not entirely convinced – So, I will remain Neutral for now.

Telford Homes (TEF) – 458.5p – £346.2m – PER 8.22

Final Results For The 12 Months To End March 2018 – Record Revenue of £316.2m (2017: £291.9m), PBT exceeded original market expectations, up by 35% to £46.0m (2017: £34.1m) and well placed to exceed £50m PBT in 2019, a 100% increase over 4 years. Dividend is up 8%.

Still looks good value here. I have been avoiding this sector and perhaps it’s time to take a position now. If I don’t it will go on the Watchlist, 450p.

Nexus Infrastructure (NEXS) – 205p – £78.1m – PER 10.4

Interim Results For The 6 Months To End March 2018 – Can’t work out if this is a good update or not.

Having previously held until the mild profit warning at the end of April, there’s not enough here for me to be anything but Neutral for now.

Pressure Technologies (PRES) – 186p – £34.6m – PER 11.4

Tradiing Update For The 6 Months To End March 2018 – Takes a lot of reading to find out at the end “The cumulative short-term effect of these means that the Group’s results for the full year are expected to be substantially below market expectations”.

A new one for me and looks likely to drop below my usual £30m Market Cap now. Anyway, it’s going straight onto my Avoid list.

K3 Business Technology (KBT) – 164.5p – £70.6m – PER n/a

AGM Statement – First half in-line, encouraged for the second half.

After collapsing from North of 350p in 2016 it’s hard to tell from this statement if it’s back on track. Remaining Neutral, need to wait for more information.

As always, all comment most welcome!

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