Morning Brief – 9-Jan-2019

Morning Brief Images 9-Jan-2019

UK Stock Market News Today – 9-Jan-2019

Morning all!

Augean (AUG) – 70p – £72.7m – PER 7.69

Trading Update For The 12 Months To End December 2018 – Expects to be in-line with previously upgraded expectations with higher Net Cash than expected (£8.2m).

I still cannot be tempted here whilst that outstanding issue with HMRC remains.

Majestic Wine (WINE) – 250p – £180m – PER 14.7

Trading Update For The 10 Weeks To End December 2018 – Sales up 6.8% (6.3% underlying), FY PBT to be broadly in-line (£11m – £12.8m).

I still don’t see a reason to get excited here.

Mothercare (MTC) – 15.5p – £53m – PER n/a

Trading Update For The 13 Weeks To 5th January 2019 – Challenging, on track with cost saving plan – FY unchanged.

Remains on my Avoid list.

Shoe Zone (SHOE) – 179.5p – £89.6m – PER 10.9

Preliminary Results For The 12 Months To End September 2018 – Revenue up 1.8%, Statutory PBT up 18.4%, EPS up 20.7%, Final Dividend up 17.6% and a Special of 8p too meaning Total Dividend is up 91.2%.

I am Neutral here but will keep an eye out for Broker notes following these results as they look quite good.

Topps Tiles (TPT) – 63.7p – £124.2m – PER 9.6

Trading Update For The 13 Weeks To 29th December 2018 – LFL Revenue down -1.4%.

The yield is good (5%+) but there’s just not enough else to make me a Buyer here at present.

Science In Sport (SIS) – 53.5p – £65.3m – PER n/a

Trading Update For The 12 Months To End December 2018 – Underlying Revenue growth of +27% – FY to be in-line (another loss then).

Remains on my Avoid list until it starts making money.

As always, all comment most welcome!

Note again: I renewed my Research Tree annual subscription for just £200 last weekend, the £100 discount for this must have research (for me anyway) is available until 13th January 2019 – Click here and use the Promo Code “NY2019”.

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