A global provider of engineered electronics for performance critical applications.
20-Nov-2017 – 216.25p – £351.3m – PER 18.2
Trading Update For The 4 Months To End October 2017 – An in-line update.
Looks OK here but just not enough to tempt me at present.
8-Mar-2018 – 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.
10-May-2018 – 228p – £371.6m – PER 15.6
Trading Statement For The 4 Months To End April 2018 – Seems positive but no mention of in-line.
I remain Neutral.
8-Aug-2018 – 220p – £358.7m – PER 14.3
Interim Results For The 6 Months To End June 2018 – Revenue up 12%, Underlying Operating Profit up 45% and the Interim Dividend is up 11%. Confident of progress for the FY ahead of prior expectations.
Still quite like this but can’t get past being Neutral at the moment.
13-Nov-2018 – 216p – £352.2m – PER 12.7
Trading Update – Expects to meet expectations and is in good shape for 2019.
Still quite like this but again, I just can’t get past being Neutral at the moment.
28-Jan-2019 – 197p – £322m – PER 11.2
Updated Offer Of Intention (for Stadium Group) And Trading Update – Reasons for updated offer of intention is to enhance the collective operation and service. Trading to end December in-line.
I will have a closer look at this next time I see some results and the how those enhancements pay off.