I Read The News Today Oh Boy! 1-Nov-2018

Thursday, Nov 01 2018 by
11

Morning all!

Elektron Technology ( Elektron Technology (LON:EKT) ) – 36p – £67.0m – PER 21.8

Trading Update For The 3 Months To End October 2018 – Trading strong with Revenue up 16.5% LFL (YTD up 17%). FY to be significantly ahead of market expectations.

This upgrade is enough for me to put this on my Watchlist now and may even consider a purchase.

4imprint ( 4imprint (LON:FOUR) ) – 1810p – £508.3m – PER 16.4

Trading Update – FY Revenue and Underlying Operating Profit will be towards the upper end of current market forecasts (too much trouble to tell us what the feck they are eh!).

I’m Neutral here at the moment but this looks like it may be worth a closer look (so, I will check out Broker notes and forecasts here to see if there’s value at this level).

Morgan Sindall ( Morgan Sindall (LON:MGNS) ) – 1186p – £538.2m – PER 8.19

Trading Update For The Period From 1st July 2018 To Date – FY in-line.

I am Neutral here after having sold out last month, I remain so for now.

Zotefoams ( Zotefoams (LON:ZTF) ) – 540p – £260.8m – PER 26.2

Trading Update For The Q3 (Ended September 2018) – Record Q3 and now expect FY to be slightly ahead.

I keep avoiding this one as always seeming too expensive to me (Stockopedia agrees with a Value score of 15). I still remain Neutral as the forecast growth I can see, even if slightly exceeded, still doesn’t present me with value here at present.

Forterra ( Forterra (LON:FORT) ) – 220.5p – £442.0m – PER 7.97

Trading Update For The Period From 1st July To End October 2018 – FY Profit to be marginally below previous expectations (rising costs of energy and carbon credits plus a kiln repair).

First time look for me and seems like a lot to like (expect the news in this recent update) – ROCE and Op Margin (tick), Yield 4.5% (tick), Revenue and EPS growth circa 10% (tick), Net Debt but manageable…

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Elektron Technology plc is a holding company. The Company is engaged in designing, manufacturing and marketing products that connect, monitor and control. It operates in two segments: Connectivity, and Instrumentation, Monitoring and Control (IMC). Connectivity comprises two complementary product families: Bulgin and Arcolectric. The Company's products are helping its customers to quantify real-world environments, process this data and act on the results. Its products include sealed connectors, Switches, indicators, battery, fuseholders, ophthalmic instruments, nanopositioning and sensing equipment, and vehicle power management systems. The Company's Checkit offers a wireless solution providing work management software and automated monitoring. Its subsidiaries include Elektron Technology Corporation, Elektron Technology PTE Ltd, Elektron Technology UK Ltd and Elektron Technology (Shanghai) Trading Limited. more »

LSE Price
41p
Change
1.2%
Mkt Cap (£m)
76.3
P/E (fwd)
16.1
Yield (fwd)
n/a

Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company's segments include Bricks, Blocks and Bespoke Products. The Company's product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving. It is a manufacturer of bricks in Great Britain and a manufacturer of Fletton brick, which is sold under the London Brick brand. It is a manufacturer of aircrete blocks in Great Britain sold under its Thermalite brand. It also manufactures aggregate blocks. Its bespoke products range consists of precast concrete, concrete block paving, chimney and roofing solutions, and structural wall insulation. It operates from approximately 20 facilities in total and is focused on the United Kingdom building and construction market. more »

LSE Price
306.5p
Change
1.5%
Mkt Cap (£m)
614.4
P/E (fwd)
11.1
Yield (fwd)
3.6

Morgan Sindall Group plc is a construction and regeneration company. The Company operates through various divisions, including construction and infrastructure, fit out, property services, partnership housing, urban regeneration and investments. The Company's construction and infrastructure division provides specialist construction and infrastructure design and build services on projects, frameworks and alliances. The Company's property services division provides strategic asset management and responsive, planned and cyclical maintenance to social housing providers; facilities management services to public buildings, and claims and reinstatement repairs for insurance providers. The Company's partnership housing division focuses on the delivery of mixed tenure regeneration partnership housing schemes, design and build of homes and planned maintenance and refurbishment. The Company's urban regeneration division works with landowners and public sector partners. more »

LSE Price
1318p
Change
2.2%
Mkt Cap (£m)
599.3
P/E (fwd)
8.8
Yield (fwd)
4.2



  Is LON:EKT fundamentally strong or weak? Find out More »


1 Post on this Thread show/hide all

MrContrarian 1st Nov '18 1 of 1
4

My morning smallcap tweet: Earthport previous losses restated up.

Elektron Technology (LON:EKT), Zotefoams (LON:ZTF), Biome Technologies (LON:BIOM), Quarto Inc (LON:QRT), Earthport (LON:EPO), Carpetright (LON:CPR), Patisserie Holdings (LON:CAKE)

Elektron Technology (EKT) Q3 rev up 17%. Guides FY significantly ahead of market expectations.
Zotefoams (ZTF) Q3 strong. Guides FY slightly ahead of consensus market expectations.
Biome Technologies (BIOM) Q3 rev up 73% cf H1 47%. Expects this momentum to continue for the remainder of the year. No other guidance.
Quarto Group (QRT) $13m loans from shareholders and a related company, repayable by August 2020. Will be used to reduce bank debt and to provide additional working capital.
Earthport (EPO) New CEO and CFO find previous losses understated by £6.3m total due to errors in the treatment of forward foreign exchange contracts. Cash not affected.
Carpetshite (CPR) trading slightly better.
Patisserie Valerie (CAKE) Last night David Scott refuted quotes attributed to him in Sunday Times as looking at bidding for CAKE. "I have no interest in making an offer for or acquiring shares in Patisserie Valerie or any related companies."

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