Here we go again - Day 3 - Thanks again all for all comment and support, seems to be going OK so far...

DFS FurniturePost Close Trading Statement – Revenues in the 2nd half are down (4%) after being up 7% in the 1st (LFL) – Meaning 1% growth YOY and profits (EBITDA) due to be at the low end of previous guidance (£82 - £87m). Seems to be taking measures to alleviate reduced revenues – But will they be enough if things turn nasty!  Not one of much interest for me in the current environment.

Elektron Technology (EKT)Trading Update To July 2017 – Highlights seem to be, slight Revenue increase, from £15m to £15.3m (1.9%) and Net Cash of £2m vs £0.5m at the same time last year.  The share price is up 100% this year with the main difference according to this update being it now has 4x more cash it did back then. A pity there was no mention at all of profit in this update – Impossible to call eh!

North Midland Construction (NMD)Half Year Results To June 2017 – I like this company, nice growing revenues, profits and EPS, ROCE 15% and cash (increased in this update to about £8m (from about £3m)). This update seems pretty good – A 4% increase in revenue and a more than 100% increase in PBT (£1.22m vs £0.51m), EPS the same, up to 9.67p from 4.69p. And they have the confidence to increase the Interim Dividend by 100% to 3p.  Wish I had not sat on my hands here at the beginning of the year. Sitting on quite a lot of cash at the moment and quite tempted to use a little here!

St Ives (SIV)Year End Trading Update To 28 July 2017 – “The board reports that the overall results for the year are expected to be at the top end of the range of current market expectations” – This may help this beaten down “Value Trap” – It’s hard to ignore the fact the debt is almost as much as the current Mkt Cap! If this does not turn a profit this year will it be facing a fund raise or worse even?…

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