Morning all!
IG Design ( IG Design (LON:IGR) ) – 436p – £277.3m – PER 18.5
Final Results For The 12 Months To End March 2018 – Revenue up 5% to £327.5m (2017: £311.0m), Underlying PBT up 32% to £21.4m (2017: £16.3m), Gross margin up 0.8 percentage points to 21.4% (2017: 20.6%), Fully diluted earnings per share up 37% at 20.5p (2017: 15.0p) with a FY Dividend of 6.00p, up 33% (2017: 4.50p). And, this reads well “We are delighted to report that 2017/18 has seen our well-diversified business deliver a very successful overall performance, but more importantly, on-going momentum and opportunity for 2018/19 and beyond”.
I hold here and will continue to do so.
XLMedia ( XLMedia (LON:XLM) ) – 171p – £376.8m – PER 14.3
Trading Update For The 12 Months To End December 2017 – Some regulatory impacts and uncertainties as well as some SEO underperformance. Expects lower Revenues and PBT.
I sold out here last month as forecasts were not looking so great, I suspect they may look a little worse now. I remain on the side-lines.
Somero Enterprises Inc ( Somero Enterprises Inc (LON:SOM) ) – 402.5p – £226.6m – PER 16.6
AGM Statement / Trading Update – Trading ahead of the prior year in-line with market expectations.
I hold here and will continue to do so. Although growth is nothing special at present the ROCE and Operating Margins give me assurance.
As always, all comment most welcome!
