Xpediator (XPD)

Xpediator XPD Logo

A leading provider of freight management services across the UK and Europe.

22-Feb-2018 – 38.75p – £45.5m – PER 9.92

Trading Update For The 12 Months To End December 2017 –  Revenue will be up about 59% to £116m (2016: £72.8m) and Profit will be significantly ahead of last year – In-line with market expectations.

First time I have come across this company and there’s a lot to like. If I don’t pick some up this morning (need to keep an eye on that 7%+ spread) I will keep it on my Watchlist, 38p.

Subsequent note: I bought in here today.

15-May-2018 – 60.5p – £71.0m – PER 15.9

Final Results For The 12 Months To End December 2017 – Revenues up 60% to £116.3m (2016: £72.8m), PBT up by 65% to £2.4m (2016: £1.5m), Adjusted Basic EPS 3.27p (2016: 1.52p) and a Final Dividend of 0.64p (2016: nil). Positive Q1, well placed to deliver a successful 2018 (no mention of in-line or targets) and the CFO is stepping down.

I hold and will continue to do so.

4-Jun-2108 – 61p – £71.6m – PER 14.6

Acquisition – Buys a UK based international freight forwarder – Expecting to be earnings enhancing immediately.

I hold here and will continue to do so.

24-Sep-2018 – 71p – £94.9m – PER 14.2

Interim Results For The 6 Months To End June 2018 – Revenue up by £29.8m of which £14.6m/49.0% was organic growth and £15.2m/51.0% came from acquisitions, Interim up 21% – Expects to deliver FY in-line.

I hold here and this update seems to give me no reason to change that stance at present.

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