Morning all!
Debenhams ( Debenhams (LON:DEB) ) – 5.65p – £69.3m – PER 7.67
Trading Update – Based on the last 6 and 18 weeks, on track to deliver FY profits in-line with expectations.
Remains on my Avoid list.
DFS Furniture ( DFS Furniture (LON:DFS) ) – 205p – £434.9m – PER 10.1
Trading Update For The 5 Months To End December 2018 – Good underlying Revenue growth of 10% in a challenging consumer environment – FY Profit expectation unchanged. CFO is leaving (seems friendly enough).
I can't get excited here at all at present.
Innovaderma ( Innovaderma (LON:IDP) ) – 94.5p – £13.7m – PER 9.55
Trading Update For The 6 Months To End December 2018 – Revenue down from £4.2m to £3.9m – Expecting great things in H2.
I did previously comment that they always seem to report decent Revenue increases but PBT and EPS fail to follow – With Revenue down, H2 weighting mentioned I am just a little wary (that's polite), it's coming off my Watchlist.
McBride ( McBride (LON:MCB) ) – 131p – £239.5m – PER 8.36
Trading Update For The 6 Months To End December 2018 – Expects FY to be in-line with Profit weighted to H2.
I don't see this as any more than reasonably priced here.
Quartix Holdings ( Quartix Holdings (LON:QTX) ) – 260p – £124.5m – PER 22.9
Trading Update For The 12 Months To End December 2018 – In-line.
I still don't get the PER of 20+ here, perhaps I continue to not see what other Buyers are seeing.
Robert Walters ( Robert Walters (LON:RWA) ) – 556p – £420.2m – PER 11.4
Trading Update For Q4 2018 (To End December 2018) – Expecting FY to be comfortably in-line with market expectations.
I see some potential for upside here but just not enough for me to get involved at this level.
As always, all comment most welcome!
