Morning all, hope your weekend was great.
Lok’n Store ( Lok'n Store (LON:LOK) ) – 378p – £111.2m – PER 29.0
Trading Update For The 6 Months To End January 2018 – In-line it seems, growth of around 7%.
On a PER of 29.0 this is quite a disappointment is it not? Even the NAV (over 400p per share) doesn’t seem to be providing support. Downside protection perhaps but don’t see the real growth story here.
UP Global Sourcing Holdings ( UP Global Sourcing Holdings (LON:UPGS) ) – 61p – £50.1m – PER 7.31
Trading Update For The 6 Months To End January 2018 – Revenue of £48.4m versus £68.1m last time. Also, some Revenue expected in H2 2018 will now be booked in 2019. Now expecting EBITDA of £6.0m to £7.0m which is below current market expectations.
Remains on my Avoid list for now.
Proactis Holdings ( Proactis Holdings (LON:PHD) ) – 169.1p – £157.0m – PER 12.9
Trading Update For The 6 Months To End January 2018 – In-line.
This remains the “too difficult” for me basket and I will no longer report on it for now.
Game Digital ( GAME Digital (LON:GMD) ) – 38p – £64.9m – PER n/a
Game And Sports Direct Collaboration Agreement And New £55m Borrowing Facilities – Sports Direct has acquired a 50% interest in the rights of the BELONG intellectual property for a cash consideration of £3.2 million, and a 50% profit share of future profits of BELONG and associated Venues. Includes a £20 million working capital facility and a £35 million capital expenditure facility, which GAME may utilise to fund the Venues envisaged under the Collaboration Agreement, including the costs for new Venues and ongoing development of the BELONG website and its related tournament management system.
I am usually rubbish at interpreting these events so rarely comment on them but this looks like good news. I am still Long here – Having sold half after doubling my initial investment.
That’s it, a quietish Monday news wise!
