Xpediator (XPD)

0
759
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.

18-Feb-2019 – 46p – £61.5m – PER 9

Trading Update For The 12 Months To End December 2018 – Revenue and Profit in-line with Revenue up 54% to £179m (£116m last time), led by acquisition growth. No mention of Profit figures, why not? States it’s well placed to support customers through Brexit.

Still Long here (although I should really have Sold on a 20% drop from the ATH (took my eye off the ball in the 2018 Q4 sell off)) and will remain so for now.

Subsequent note: Sold out here in March 2019, details in the monthly reports.

29-Apr-2019 – 46.5p – £62.2m – PER 9.7

Results For The 12 Months To End December 2018 – Revenue up 54.1% to £179.2m (21.8% LFL), Adjust PBT up 81.2% (to £7.2m), Net Cash at £3.2m, EPS up 115.2% (to 3.53p) with the Total Dividend up 27.3%. Positive start to Q1, on track for £200m+ Revenue.

Sold out here after the 20% fall from highs, but this looks quite good and will keep an eye out for Broker updates here.

6-Jun-2019 – 45p – £61m – PER 8.7

Trading Update And Board Changes – Trading in-line, Revenues to be in excess of £200m. A bit of musical chair board changes, now on the lookout for a new CFO (previous one is now CEO) and Non-Exec Director.

Sold out here after the 20% fall from highs, but looks attractive again – Will keep an eye out for Broker updates here.

30-Jul-2019 – 51p – £69m – PER 10

Trading Update For The 12 Months To End December 2019 – Revenue on course to meet expectations of £200m+ but PBT to be materially below market expectations. Loads to blame (too much to list)!

This was on my Watchlist and I was close to buying yesterday, the low margins and the preference to retain a little more cash at present (luckily) kept me out. Due to the extend of the blame here a lot of fixing seems to be required, I will be remaining on the side-lines, I reckon, for some time.

Advertisement
Stockopedia Banner