Morning All!

Servoca ( Servoca (LON:SVCA) ) – 63.5p – £34.2m – PER 15.9

Preliminary Results For The 12 Months To End September 2017 – Revenue up 15.9% to £80.2m (2016: £69.2m), PBT flat at £2.9m, adjusted basic EPS up 13.8% to 2.56p (2016: 2.25p), Dividend up 14.3% to 0.40p per share (2016: 0.35p).

Looks OK, probably priced about right – A higher yield and I would be more tempted here.

Driver ( Driver (LON:DRV) ) – 63.5p – £34.2m – PER 15.9

Final Results For The 12 Months To End September 2017 – Revenue (on continuing operations) up 15% to £60.2m (2016: £52.4m), reported PBT of £0.3m (2016: loss £5.2m).

Looks like a corner has been turned here but I will be watching from the stands for now.

Begbies Traynor ( Begbies Traynor (LON:BEG) ) – 67.38p – £72.2m – PER 17.2

Interim Results For The 6 Months To End October 2017 – In-line and well placed to deliver current market expectations for the full year. Confident enough to also declare an increased Interim Dividend (the first in 6 years).

I still have little conviction here. Revenues are quite stagnant, Profit/Loss can be hit and miss, Operating Margins and ROCE are generally low. Even the Dividend is not particularly great, or well covered.

Zytronic ( Zytronic (LON:ZYT) ) – 517.5p – £81.0m – PER 16.9

Preliminary Results For The 12 Months To End September 2017 – Revenue up 9% to £22.9m (2016: £21.1m), PBT up 27% to £5.4m (2016: £4.3m). The focus though is on the Dividend, the final Dividend is up 39%. Current year has started with Revenue and Orders similar to last year.

Seems like a quality company but this update and the forecasts just don’t seem to make it worthy of investment at this level. Keeping it on my Watchlist as much more interesting around 450p.

Tristel ( Tristel (LON:TSTL) ) – 250p – £107.4m – PER 28.5

AGM Statement And Notice Of Results – In-line.

Seems to be performing well. It’s down 20% from recent highs but still for…

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