Morning Brief – 9-May-2019

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Morning Brief Images 9-May-2019

UK Stock Market News Today – 9-May-2019

Morning all!

Cambria Automobiles (CAMB) – 60p – £60m – PER 7.3

Unaudited Interim Results For The 6 Months To End February 2019 – Revenue up 4.5%, Underlying PBT up 14.6% and Underlying UPS up 18.1%, the Interim Dividend is maintained (at 0.25p). All looks to be supported by aftersales. Expects FY to be ahead of current market expectations.

This would be more interesting if it wasn’t seemingly supported mainly by aftersales. Will keep a keener eye here now though (and on the sector in general).

Elcosoft (ELCO) – 81p – £66m – PER 17.5

Trading Update For The Quarter To End March 2019 – Revenue up 20%, PBT higher than the same quarter last year (in-line with market expectations), Net Debt at £0.9m (£2.1m at 31-Dec-2018). No guidance on FY.

Sold out last October here and not yet tempted back in.

Findel (FDL) – 176p – £152m – PER 6.3

Trading Update For The 12 Months To End March 2019 – PBT slightly above market expectations, Net Debt circa £57m (£73.8m last time).

Looking much more interesting here, will be keeping an eye out for updated Broker notes.

Huntsworth (HNT) – 94p – £325m – PER 10.8

Trading Update For The 4 Months To End April 2019 – In-line with Net Debt lower than expected.

Based on forecasts this looks fairly valued here to me.

TT Electronics (TTG) – 239p – £400m – PER 13

Trading Update For The 4 Months To End April – Revenue ahead 27% (10% organic) on last year, Order book also ahead, Profits and not mentioned.

I am a little wary that there’s no mention of profitability in this update as they do seem to like a game of hit and miss in this area (looking at the historics). Cannot really be interested until I see some actuals.

Water Intelligence (WATR) – 407p – £62m – PER 34.8

Results For The 12 Months To End December 2018 – Revenue up 45%, Adjusted PBT up 44%, Net Cash at $2.6m.

Results looks about in-line and the growth rate (although excellent) does seesm to be priced in here at this level.

As always, all comment most welcome!

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