Morning Brief – 8-Mar-2018

Morning Brief Images 8-Mar-2018

UK Stock Market News Today – 8-Mar-2018

Morning all!

Communisis (CMS) – 64.2p – £134.6m – PER 9.78

Preliminary Results For The 12 Months To End December 2017 – Revenue up 4% to £375m (£361.9m last time), Adjusted PBT up 3% to £17.2m (£16.7m last time) and Adjusted EPS of 6.4p, up from 6.1p last time. The Final Dividend will be 1.77p, up 10%.

Looks OK but this growth rate does not inspire me enough to get interested at present.

Frontier Smart Technologies (FST) – 165.28p – £67.0m – PER n/a

Results For The 12 Months To End December 2017 – Revenues up 28% to £41.0m (FY 2016: £32.1m); in constant exchange rates, revenues up 22% to US$53.0m (FY 2016: US$43.4m). Cash of £3.0m.  Pre-tax loss is £1.6m (Restated 2016: loss £3.0 million). The Board expect modest growth in revenues and EBITDA this year.

Without any sign of a real profit, not something I will be investing in at present.

Share (SHRE) – 25.15p – £36.1m – PER 62.9

Results For The 12 Months To End December 2017– Revenue and revenue market share reached record highs (Revenue up by 28% to £18.7m (2016: £14.6m)). Assets under administration up 27% to £4.7bn (2016: £3.7bn). PBT £0.4m (2016: £1.0m) including respective one-off items. Dividend is up60%, from 0.25p to 0.4p. “The new financial year has started well and the Group’s financial performance in 2018 is expected to continue to improve as the benefits of growth initiatives and rising interest rates come through”.

Interesting but not quite tempted at present.

TT Electronics (TTG) – 215p – £350.4m – PER 18.4

Results For The 12 Months To End December 2017 – Revenue up 5% (CC) from £332.7m to £360.0 with PBT up 28% from £16.1m to £22.0m, EPS 29.5p (10.3p last time), Dividend 5.8p (5.6p last time) and Cash of £47.0m, Net Debt of -£55.4m last time. Expecting strong progress in 2018.

I don’t get the EPS figure reported here (seems way out of sync) but there’s a decent amount to like. I will however remain Neutral for now and keep an eye out for updates.

As always, all comment most welcome – Have a great day!

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