Morning all!
Attraqt ( £ATQT ) – 33p – £35m – PER 47.1
Trading Update For The 12 Months To End December 2018 – FY Revenue to be marginally ahead of expectations and EBITDA to be slightly better than break-even.
Got to sit on the side-lines and wait to see the actuals here.
Carclo ( £CAR ) – 81p – £59.5m – PER 6.6
Trading Update For The 12 Months To End March 2019 – FY Results to be significantly beloow previous expectations with higher Debt which is expected to remain within covenants.
I wasn't much of a fan before and this doesn't help - Remains on my Avoid list.
Lighthouse Group ( £LGT ) – 25p – £32m – PER 13.8
Trading Update For The 12 Months To End December 2018 – In-line.
Seems perhaps about fairly priced around this level.
Moss Bros ( £MOSB ) – 26.2p – £26.41m – PER 18.2
Trading Update For The 23 Weeks To 5th January 2019 – Revenue up 0.6% YoY (margins down), ecommerce up 27.8% YoY (16.2% of Revenue) but pyhsical down. Expects FY to be in-line, an Adjusted Loss of -£0.6m. Cash down from £17.5m to £10m. Expects conditions to remain challenging.
Going to switch this from my Avoid list to Neutral. Will be interesting enough to keep an eye out on that on-line growth as the brand may be strong enough to become the leader there, perhaps!
Quiz ( £QUIZ ) – 35.5p – £44m – PER 6.6
Trading Update For The 6 Weeks To 5th January 2019 – Revenue up 8.4% (this is below expectations), margin down, challenging conditions. FY Revenue to be circa £133m (below current market expecations), Gross Margins down from 62% to 60.5%.
Even on a single digit PER I cannot find myself interested here at present.
Sopheon ( £SPE ) – 1335p – £135m – PER 31
Trading Update For The 12 Months To End December 2018 – Expecting FY Revenue to be comfortably in-line and PBT to maybe outperform.
I really missed out here (from the days when I rarely paid up) but now I do believe it looks overvalued (perhaps, again, wrongly!).
As always, all comment most welcome!
