Morning Brief – 6-Mar-2019

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Morning Brief Images 6-Mar-2019

UK Stock Market News Today – 6-Mar-2019

Morning all!

Anpario (ANP) – 340p – £78.7m – PER 19.5

Results For The 12 Months To End December 2018 – Revenue down slightly but PBT is up 34% with EPS up 31%, the FY Dividend is up 11% and Cash is stable at £12.9m. Trading for the current year is ahead of 2018 but concerns regarding Brexit and Afircan Swine Fever.

There may be value here I will keep an eye out for revised Broker notes.

Batm Advanced Communications (BVC) – 46.5p – £188m – PER 102

Results For The 12 Months To End December 2018 – Looks good and due to a substantially higher year end Order book 2019 Revenue and EBITDA already expected to be ahead of market expectations.

Still seems to be heading in the right direction, I will be keeping an eye out for revised Broker notes here – Would be hopeful that PER looks more realistic now!

Cambria Automobiles (CAMB) – 65p – £65m – PER 8

Trading Update For The 5 Months To End January 2019 – Ahead of the corresponding period last year – No firm guidance on FY.

Still seems too much caution round this sector (Br**it) but doesn’t seem to be “blood on the streets yet”. I remain on the side-lines in relation to the sector in general at present.

Costain (COST) – 397p – £425m – PER 10.2

Results For The 12 Months To End December 2018 – Revenue down, Reported PBT and EPS both down slightly but the FY Dividend is up 8%. Record higher quality Order book at year end (£4.2bn).

There’s perhaps some value here for the Yield and potential for modest growth – Not enough for me though.

Headlam (HEAD) – 418p – £353.7m – PER 11

Results For The 12 Months To End December 2018 – Revenue and EPS up 2.3%, Underlying PBT up by an even smaller amount. Net Cash at £36.7m (£35.3m last time) but includes acquisition spend of £9.1m. The start to the year has been postive.

I said this time and I reckon I will stick with it for now “I still expect to see more drift in the share price here, not for me at present”.

TT Electronics (TTG) – 202p – £330m – PER 11.2

Results For The 12 Months To End December 2018 – Underlying Revenue up 19%, PBT up 43% and EPS up 49%. On a statutory level PBT and EPS are both down 20% or so. On track to deliver further progress in 2019 and beyond.

Just way too confusing for me this morning, perhaps because I have a horrible cold – I will try and look in more detail later in the week.

As always, all comment most welcome!

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