Morning Brief – 4-May-2018

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Morning Brief Images 4-May-2018

UK Stock Market News Today – 4-May-2018

Morning all!

Numis (NUM) – 410p – £439.2m – PER 14.8

Results For The 6 Months To End March 2018 – Crazy stuff! Income up 38% to £74.5m (2017: £53.8m) and PBT up 86% to £19.5m (2017: £10.5m) and there’s Cash balances of £82.5m (2017: £71.2m). Look forward to H2 with confidence.

Remains on my Watchlist at 310p and kicking myself for the many times I could have got in on the breakout to new highs here – 3 or 4 times this past 12 months. May well consider paying up, it not, raise my Watchlist price to 380p.

Subsequent Note: Paid up here this morning – Now Long.

Morgan Sindall (MGNS) – 1322p – £591.4m – PER 9.88

Trading Update For The Period From 1st January To Date – FY to be slightly ahead of expectations.

This is above my usual £500m Market Cap level but I am just covering here for the first time for my own personal notes – I bought when it when it was below £500m and still hold. Based on this update I will continue to hold.

Minds Machines (MMX) – 10.1p – £70.7m – PER 6,856

Results For 12 Months To End December 2017 – Maiden year of profitability with retained profit for year of $3.8m compared to a $4.5m loss in 2016. Renewal revenue up 100% to $4.8m (2016: $2.4m) with renewal billings growing 50% to $5.6m (2016: $3.8m). Fixed overheads reduced 19% to $5.3m (2016: $6.5m), Cash balances at year-end improved 4% to $15.9m (2016: $15.3m) – EPS 0.55c compared to 2016 EPS loss of 0.60c.

First time coverage for me and with TTM figures on Stockopedia guiding a -$3,23m this looks like great news. I am Neutral as I am not sure of the term “”retained” profit” – Will observe the price action this morning.

As always, all comment most welcome!

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