Morning Brief – 5-Nov-2019

Morning Brief Images 5-Nov-2019

UK Stock Market News Today – 5-Nov-2019

Morning all!

Castleton Technology (CTP) – 63p – £52m – PER 9

Interim Results For The 6 Months To End September 2019 – Revenue up 10%, LBT of -£0.2m (PBT of £0.5m last time).

Even the introduction of a Dividend doesn’t give me enough to get any more interested at present.

Filta Group (FLTA) – 193p – £56m – PER 30

Trading Update For The 12 Months To End December 2019 – Revenue to be broadly in-line with market expectations, H2 Adjusted EBITDA to be similar to H1.

Why not provide numbers? I can’t be bothered checking, I guess the market will let us know how disappointing this is.

ULS Technology (ULS) – 51p – £33m – PER 8

Trading Update For The 12 Months To End September 2019 – Revenue down -9%, PBT similar level.

Still not tempted to make this ex-holding a holding again.

UP Global Sourcing Holdings (UPGS) – 78p – £64m – PER 9

Results For The 12 Months To End July 2019 – Revenue up 41% to £123.3m (£87.6m), Underlying PBT up 50.5% to £8.5m (£5.6m), EPS up 51.9%, FY Dividend up 50.2%. Current trading in-line and Order book is moderately ahead of last year.

Looks good, nice bounce back, but just have concerns about growth from here, although that yield does add attraction.

Wilmington (WIL) – 241p – £211m – PER 13

AGM Statement – Q1 in-line, expects FY to be in-line.

There could be value here and it looks like some people read their tea leaves correctly yesterday, keeping an eye out for Broker notes.

As always, all comment most welcome!

Research Tree Banner