Morning Brief – 5-Feb-2019

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Morning Brief Images 5-Feb-2019

UK Stock Market News Today – 5-Feb-2019

Morning all!

Amino Technologies (AMO) – 108p – £78.7m – PER 9.64

Results For The 12 Months To End November 2018 – In-line with Revenue down -7%, Adjusted PBT down -26% and Adjusted EPS down -30%. As a sweetener the Dividend is up 10%.

I’m staying away for now.

Elektron Technology (EKT) – 44p – £81.9m – PER 17.6

Trading Update For The 12 Months To End January 2019 – FY to be in-line with forecasts notified in the November 2018 Trading Update. Net Cash up from £5.2m to £10.1m. Although cautious on the outlook, expects the strong momentum to continue across the business.

This looks reasonable enough, I continue to hold (after buying last month) – I see great 2 Year upside here if forecasts are met.

Earthport (EPO) – 38p – £237m – PER n/a

Trading Update For The 6 Months To End December 2018 – In-line.

I remain on the sidelines.

Mattioli Woods (MTW) – 737.5p – £194.6m – PER 16.9

Interim Results For The 6 Months To End November 2018 – Revenue up 2.8%, PBT up 3.7% (Adjusted 8.3%), Adjusted EPS up 9.2% with the Interim Dividend up 15.1%. FY Profit outlook in-line.

I still quite like this and there is possibly value here, it’s on my list to look into a little more.

Numis (NUM) – 273p – £292.2m – PER 11.9

Trading Update (First 4 Months Of The Year) – Challenging seems to be the key here.

Still avoiding “lumpy” (reliant on big contract wins) opportunities at present – Especially in challenging environments!

RM (RM.) – 228p – £191m – PER 9.2

Results For The 12 Months To End November 2018 – Revenue up 19% (2% organic), Adjusted Operating Profit up 29%, Adjusted Diluted EPS up 22%, the Dividend is up 15% and Net Debt is down to £5.8m.

This looks pretty good, I do like double digit growth for companies on a a single digit PER – Tempting, I will be keeping an eye out here for updated Broker notes here.

As always, all comment most welcome!

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