Morning Brief – 4-Jan-2018

Morning Brief Images 4-Jan-2018

Morning All!

Getting a little busier out there today…

Sopheon (SPE) – 367.6p – £36.8m – PER 12.8

Trading Update For 2017 – Revenues and PBT expected to exceed market expectations – Improved recurring revenue and visibility into 2018.

There’s lots to like here, growing (but not dynamically, reflected in the PER), great ROCE and Operating Margin – And, it’s got Cash. It’s on my Watchlist as a potential on a general market correction, 350p.

Cambria Automobiles (CAMB) – 61p – £61.0m – PER 7.06

Franchising Developments And AGM Trading Update – New higher end franchises progressing, trading in-line. Actual sales down, supported by after sales. Outlook is, as one would expect, cautious.

Still maintain that this is one for those with faith in the sector. I guess, those with a belief that it has, perhaps, bottomed.

Churchill China (CHH) – 1135p – £124.4m – PER 19.3

Full Year Trading Update (To End December 2017) – Expects operating performance to be slightly ahead of expectations.

Seems fairly priced to me at this level.

Taptica International (TAP) – 465p – £290.1m – PER 13.9

Trading Update For The Tear (To End December 2017) – In 2017, Revenue to be in-line, EBITDA to exceed expectations. In 2018 “confident of delivering solid year-on-year EBITDA growth for 2018 in line with market expectations”.

A lot going for it. It is an AIM listed company based in Israel which usually puts me off but I did 2 bag on XLM last year. Constantly tempted to get on board here and will keep it on my Watchlist, 380p.

Have a great day!

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