Morning Brief – 7-Jun-2018

Morning Brief Images 7-Jun-2018

UK Stock Market News Today – 7-Jun-2018

Morning all!

Onthemarket (OTMP) – 162p – £100.5m – PER n/a

Results For The 12 Months To End January 2018 – Revenue down from £17.8m to £16.0m and the Loss After Tax is -£12.1m (£4.0m last time).

First coverage here for me and it doesn’t seem to be going so well.  I am Neutral for now.

Ramsdens Holdings (RFX) – 185.5p – £56.4m – PER 11.2

Results For The 12 Months To End March 2018 – Revenue up 16% from £34.5m to £39.9m, Underlying PBT up 60% from £4.0m to £6.5m, Basic EPS up 61% from 10.1p to 16.3p with a Dividend of 6.6p versus 1.3p. 2018 has started well in-line with the Board’s expectations.

This looks slightly better than forecast, I continue to hold.

Sopheon (SPE) – 880p – £88.5m – PER 22.5

AGM Statement – Revenue visibility up 34% YoY (a record).

This statement seems more bullish about the past than the future. I am kicking myself for not paying up here numerous times in the past but don’t want to here at present. To keep an eye on it though I will keep it on my Watchlist, revised price 750p.

TPG (TP) – 7.55p – £57.3m – PER 52.8

AGM Statement – A positive start to the year in-line with market expectations.

Based on forecasts I could be tempted here but that would just be breaking too many of my own rules – I will remain Neutral.

Joules (JOUL) – 329p – £287.9m – PER 23.7

Trading Update For The 12 Months To 27th May 2018 – Revenue up 18.4% to £185.9m, expects PBT to be marginally ahead of analyst expectations (£12.6m).

I quite like this but will leave it on my Watchlist at 280p for now.

Veltyco (VLTY) – 75p – £56.1m – PER 9.50

Results For The 12 Months To End December 2017 – Revenue up 165% to €16.2m (2016: €6.1m), Operating EBITDA for the year up 260% to €8.1m (2016: €2.2m) and there’s a proposed Maiden Dividend of 0.25p. Current YTD Revenue is up 60%.

Held here and sold out and although this looks impressive I will continue to avoid the Binary Options, on-line casino, betting area, etc. at present – I’m Neutral.

As always, all comment most welcome!

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