Morning Brief – 6-Dec-2017

Morning Brief Images 6-Dec-2017

Morning All!

EasyHotel (EZH) – 119.5p – £120.1m – PER 227

Final Results For The 12 Months To End September 2017 – A slightly ahead of management expectations set of results. Revenue up 39.7% to £8.42m and PBT down -21.1% to £0.86m. Many opportunities (new locations) have been identified but there’s not enough Cash – The Board is considering its financing options, which may include new equity and debt, to fund these opportunities.

I still wonder about the sector and the ability of this company to turn increased rooms (Revenue) into increased Profits. And a dilution (it seems) on the way – This is still on my Avoid list for now.

Numis (NUM) – 307.75p – £329.2m – PER 14.0

Preliminary Results For The 6 Months To End September 2017 – The kind of update I would expect from this company – Revenue, PBT and EPS all up 16%+ with record share repurchasing of £22.9m. The Dividend is flat at 12p (a well covered yield of 4% or so). Pipeline is strong and trading has started well heading into 2018.

Still like the look of this company, nice all round growth – Kicking myself again for not getting in earlier in the year and it remains on my Watchlist.

Oxford Metrics (OMG) – 62.25p – £78.8m – PER 18.3

Preliminary Results For The 12 Months To End September 2017 – Revenue up 7.6% in CC to £29.2m, Adjusted PBT of £3.9m (FY16: £5.1m), ahead of market expectations, Net Cash of £9.8m (FY16: £8.3m), Dividend up 20% to 1.20p per share (FY16:1.00p), in line with stated progressive dividend policy and dividend cover objective.

A good update and still well liked by Stockopedia with a StockRank of 87.

Plastics Capital (PLA) – 126p – £48.7m – PER 9.90

Interim Results For The 6 Months To End September 2017 – Revenue up 31.3% to £36.46m, PBT down 27% to £1.19m and the Dividend has been passed (1.46p per share last time). Looks like expectations for the full year will also be “marginally below consensus market expectations”.

Looks OK but rising Revenue and falling Profits, a passed Dividend and a full year warning. There’s also Net Debt of £15m (30%+ or so of Mkt Cap) so it remains on my Avoid list.

1pm (OPM) – 45.75p – £39.4m – PER 5.93

Trading Update – Headline “Strong trading momentum maintained: revenue and profit up by more than 70% in the first half”.

A new one to me and on an initial scan there’s a lot to like here, I will be keeping my eye on this this morning.

Off to keep an eye on OPM…

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