Morning Brief – 9-Nov-2017

Morning Brief Images 9-Nov-2017

Morning All!

Eagle Eye Solutions (EYE) – 232p – £59.0m – PER n/a

AGM Statement – Momentum (from last year) has continued into the current financial year and Q1 FY2018 has delivered revenue growth of 36% to £3.1m, in line with previous guidance. The Group’s cash position at the end of Q1 FY2018 was ahead of management expectations at £1.7 million.

Positive update but still not yet set to make a profit – Not for me at present.

Swallowfield (SWL) – 395p – £67.5m – PER 16

AGM Statement – Trading in the first 4 months of the year is in-line with expectations. Generally expecting to maintain positive progress and deliver against expectations for the full year.

Quite like the look of this and its on my Watchlist around the 300p area.

Flybe (FLYB) – 36.25p – £78.0m – PER 84.1

Results For The 6 Months Ended September 2017 – A little tricky for me to fully understand this but basically Revenue is up 9.3%. Adjusted PBT is down to £8.4m (from £15.9m last time) due to an IT related cost – This adjusted PBT is towards the upper end of the range of £5m to £10m announced on 18th October 2017.

I just can’t get myself into looking into this one any further.

Gattaca (GATC) – 310p – £97.9m – PER 8.56

Preliminary Results For The Year Ended July 2017 – Revenue up slightly, PBT down 20% or so (in-line with market expectations (apparently)). Dividend maintained but no increase.

A small lake in the middle of a forest in the middle of nowhere – I see this as quite stagnant with little chance of reasonable growth.

Wincanton (WIN) – 267.5p – £327m – PER 9.21

Results For The 6 Months Ended September 2017 – It just seems a little dull, flat and in-line, growth being minimal.

This latest update probably justifies the low PER of 9.21, which may even be a little generous.

Lookers (LOOK) – 98p – £392.6m – PER 6.45

Trading Update For Q3 2017 – Up about 5% LFL it seems. Results for the year ending December 2017 should be in line with management’s current expectations.

Even on a PER of 6.45 I cannot bring myself to have faith in this or any other Auto Dealer at present. I am guessing there will soon be a “blood on the streets” opportunity here – I guess one of them has to first go to the wall.

Devro (DVO) – 240.75p – £404m – PER 16

Trading Update For The Period July To October 2017 – An in-line update.

Nothing much to excite here at present. I do notice a lot of Net Debt, about 40% of Mkt Cap.

A good day to all.

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