Morning All!

Proactis Holdings (PHD)

Final Results For The 12 Months To End July 2017 – Can easily pick out that Revenue is up by 31% to £25.4m vs £19.4m last time – But this is below the £26m forecast on Stockopdeia. This is a company that likes acquisitions, which I am not a huge fan of. It typically makes for difficult to understand updates (for me anyway), like this one – EBITDA up 49%, Statutory Operating Loss of £2.6m vs £1.9m Profit last time, EPS up 25% to 9p – Which seems ahead of forecasts. This just goes into the “too difficult” for me basket – I will invest in companies whose numbers I can better understand.

Vertu Motors (VTU)

Interim Results For The 6 Months To End August 2017 – Revenue flat, Margins flat but Adjusted PBT is up 7.2% to £20.9m vs £19.5m last time. Interim Dividend up 10% and Buy-Back to continue up to £3m. If I had to pick a Car Retailer it would be this one. I quite fancied an entry around the 40p area a while back but was hesitant – Still quite like it even at these levels, PER is still 6.78.

Quiz (QUIZ)

Pre Close Trading Statement For The 6 Months To End September 2017 – Group revenue up 35% (online Revenue is up 204%) to £56.1m vs £41.5m last time. Gross margins remain in-line with expectations. Up 10% in the past week ahead of this statement (insiders?), on a PER of 24.6 I am slightly tempted to get involved here.

Telford Homes (TEF)

408p - £307.6m

Trading Update For The 6 Months To End September 2017 – Not sure how to take this one, seems to be some confliction. “As anticipated, due to programmed timing of development completions, pre-tax profit for H1 2018 expected to be significantly lower than H2 2018 and lower than last year” followed by “On track to exceed £40 million of PBT for the year to 31 March 2018 in accordance with market expectations” – My take away is that this is in-line, is it?

Veltyco (VLTY)

eSports Partnership – I am getting quite involved in the eSport “revolution” (I mean in terms of investments only,…

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