Morning Brief – 6-Jun-2019

Morning Brief Images 6-Jun-2019

UK Stock Market News Today – 6-Jun-2019

Morning all!

Amino Technologies (AMO) – 92p – £67m – PER 8.1

Trading Update For The 6 Months To End May 2019 – FY expectations unchanged.

According to my notes that means it’s on target to make less money than it did last year so it’s not for me.

CMC Markets (CMCX) – 89p – £258m – PER 11.2

Results For The 12 Months To End March 2019 – Income down -30%, PBT down -89%, EPS down -88%, Dividend down -77%. 2020 started in-line.

I said this last time and it still feels appropriate – “I still see a little too much uncertainty here (in the sector in general, suspecting CMC or IG to win the long game here, not sure the winner though will be hugely profitable!)”.

Joules (JOUL) – 255p – £224m – PER 16.7

Trading Update For The 12 Months To 26th May 2019 – FY PBT to be at the upper end of analysts expectations with Revenues up circa 13%.

I considered that there may well be value here at 207p and again at 245p – That’s if you have faith in the sector, mine is yet to return.

Scisys (SSY) – 194p – £57m – PER 14.1

AGM Statement – Positive start to 2019, familiar H2 weighting to apply after 2018 was a temporay phenomenon.

This seems a little strange and cautious to me – Enough to keep me on the side-lines, that’s for sure.

System1 (SYS1) – 237p – £30m – PER 9.4

Results For The 12 Months To End March 2018 – Seems basically all round flat here.

Still not enough here to get me more interested at present.

TP (TPG) – 7p – £55m – PER 20.7

AGM Statement – Expects to deliver another good year of progress, no numbers, no mention of performance against expectations – A pity!

I hold here and was hoping for a little more information than this, makes me a little nervous! Will keep an eye on the market reaction to this.

Xpediator (XPD) – 45p – £61m – PER 8.7

Trading Update And Board Changes – Trading in-line, Revenues to be in excess of £200m. A bit of musical chair board changes, now on the lookout for a new CFO (previous one is now CEO) and Non-Exec Director.

Sold out here after the 20% fall from highs, but looks attractive again – Will keep an eye out for Broker updates here.

As always, all comment most welcome!

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