Morning all!
Gresham Technologies ( Gresham Technologies (LON:GHT) ) – 195p – £131.8m – PER 28.8
AGM Statement – A positive start, trading is on track.
Some good quality metrics (ROCE and Op Mgn) but the growth forecasts don’t seem to justify the PER of almost 30 - Remains on my Watchlist at 160p.
Michelmersh Brick Holdings ( Michelmersh Brick Holdings (LON:MBH) ) – 93.5p – £80.6m – PER 11.4
AGM Statement – In-line with significant growth versus 2017.
Still Neutral here but will be keen on seeing actual results (with an eye on ROCE and Operating Margin) – Revenue, Dividend and EPS forecasts look pretty impressive.
Caretech Holdings ( Caretech Holdings (LON:CTH) ) – 415p – £314.1m – PER 11.1
Trading Update For The 6 Months To End March 2018 – In-line, local authority annual fee negotiations in an early stage – Expects increased staff costs (living wage & pension contributions) to be covered by increases.
Just too reliant on those fee negotiations, I remain Neutral.
Goals Soccer Centres ( Goals Soccer Centres (LON:GOAL) ) – 88.75p – £66.8m – PER 11.7
AGM Statement – Affected by snow, first 18 LFL sales down 1.9%.
Up nicely in the past couple of months but I will await results to see how the actuals are doing here.
TT Electronics ( TT electronics (LON:TTG) ) – 228p – £371.6m – PER 15.6
Trading Statement For The 4 Months To End April 2018 – Seems positive but no mention of in-line.
I remain Neutral.
Communisis ( Communisis (LON:CMS) ) – 69p – £144.7m – PER 9.86
AGM Statement – Unchanged.
The growth here seems uninspiring, I remain Neutral.
As always, all comment most welcome!
