Morning all!
Adept Telecom ( Adept Telecom (LON:ADT) ) – 360p – £85.3m – PER 14.3
Final Results For The 12 Months To End March 2018 – Revenue up 34.8% to £46.4m (2017: £34.4m), PBT up 32.8% to £4.5m (2017: £3.4m), Fully Adjusted EPS up 26.2% to 27.69p (2017: 21.94p), FY Dividend up 12.9% to 8.75p (2017: 7.75p) with Year End Net Senior Debt at £17.6m (2017: £15.5m).
I still like this quite a lot and it’s breaking out to all time highs at present. If it wasn’t for that Debt level I could probably be swayed from my Neutral stance.
Begbies Traynor ( Begbies Traynor (LON:BEG) ) – 69.4p – £76.6m – PER 17.8
Final Results For The 12 Months To End April 2018 – Revenue £52.4m (£49.7m last time) with Adjusted PBT of £5.6m (£4.9m last time) and Adjusted Basic EPS of 4.0p (3.3p last time) – The Dividend is up 9%, the first increase since 2011 and expecting to make further progress (organically and via selective acquisitions).
I still can’t find enough here to make me change my view from Neutral.
Photo-Me International ( Photo-Me International (LON:PHTM) ) – 109.4p – £413.0m – PER 12.1
Results For The 12 Months To End April 2018 – Revenue up 7.1% to £229.8m (5.9% at CC), Underlying PBT up 0.3% (down 1.6% at CC), Net cash £26.7m, Total Ordinary Dividend up 20% to 8.44p.
Looks to be as expected here and after selling out in May 2018 I will remain Neutral while growth remains pedestrian.
ITE ( ITE (LON:ITE) ) – 79p – £213.0m – PER 12.7
Trading Update For The Period From 1st April 2018 (Q3) – In-line and confident of achieving FY expectations.
If they hit forecasts here this is probably due a re-rating but at present I will remain Neutral.
MySale ( MySale (LON:MYSL) ) – 59.9p – £92.4m – PER 29.7
Trading Update For The 12 Months To End June 2018 – Expects underlying EBITDA to be in line with the top end of market expectations of A$11.8m (FY17:…
