I Read The News Today Oh Boy! 12-Jul-2018

Thursday, Jul 12 2018 by

Morning all!

Ten Entertainment ( Ten Entertainment (LON:TEG) ) – 262p – £170.3m – PER 12.7

Trading Update For The 26 Weeks To 1st July 2018 – In-line to deliver on FY expectations.

I am long here and in-line, based on Stockpedia figures, means EPS +53.2% - On a PER of 12.7 with an attractive ROCE and Operating Margin, little Debt and a decent Dividend – I will continue to hold.

Telford Homes ( Telford Homes (LON:TEF) ) – 396p – £299.7m – PER 7.04

AGM Statement – In-line and “well placed to achieve our stated goal of exceeding £50 million of total pre-tax profit for the year to 31 March 2019, weighted towards the second half as in previous years”.

This was on my Watchlist at 450p although I didn’t buy in as I am still not sure of the sector. Still unsure of the sector (mainly due to the ongoing Brexit fiasco) I am going to go Neutral here for now.

Portmeirion ( Portmeirion (LON:PMP) ) – 1200p – £130.5m – PER 16.0

Trading Update For The 6 Months To End June 2018 – Confident of achieving profits for the FY in-line with market expectations.

I remain Neutral here as I consider this even perhaps over priced at this level.

Gama Aviation ( Gamma Communications (LON:GAMA) ) – 202.5p – £128.8m – PER 8.57

Trading Update For The 6 Months To End June 2018 – Expecting FY results to be at the higher end of Board expectations - Expect to propose an interim dividend in line with the stated progressive policy.

This should help push the price back up towards the 250p level – But not sure there’s enough here to see more than that. I will remain Neutral and keep an eye out for updates.

DFS Furniture ( DFS Furniture (LON:DFS) ) – 198.6p – £420.4m – PER 10.3

Trading Update –Looks like more bad news in a challenging environment.

I remain on the side-lines here.


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Ten Entertainment Group plc is a United Kingdom-based ten-pin bowling operating company, which is focused on the family entertainment market, with Sites that are typically located on mixed-use retail/leisure parks. In addition to the core ten-pin bowling offering, the Company has additional entertainment activities. The Company offers a selection of entertainment options including amusement machines, table-tennis, soft play, laser games and pool tables, restaurants and bars serve a range of food and drinks. The Company operates approximately 40 sites trading under the Tenpin brand. In addition Company also offers iServe, which allows customers to order food and drink direct to their lane. In addition to the core bowling offering, the Sites include amusement machines, tabletennis, soft play, laser games, pool tables and food and beverage services to provide a entertainment offering. more »

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Telford Homes Plc is a residential developer operating across London. The Company is engaged in planning, designing and building developments on brownfield sites in London. The Company operates through the segment of housebuilding in the United Kingdom. The Company builds apartments, houses, schools, churches and commercial buildings as part of residential led mixed use developments. Its developments include CITY NORTH N4; THE LIBERTY BUILDING E14; THE PAVILIONS N1; BERMONDSEY WORKS SE16; VIBE E8; STRATOSPHERE E15; HACKNEY SQUARE E9; HORIZONS E14; MANHATTAN PLAZA E14; STRATFORD PLAZA E15, and TOWN APARTMENTS NW5, among others. The Company, through its subsidiaries, is engaged in property development. Its subsidiaries include Telford Homes (Creekside) Limited, Island Gardens Limited, Telford Homes Regeneration Developments Holdings Limited, Telford Homes Balfron Towers Limited, Telford Homes City North Limited, Telford Homes Chrisp Street Limited and Chrisp Street Developments Limited. more »

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Portmeirion Group PLC is a United Kingdom-based company, which is engaged in providing ceramic tableware, cookware, giftware and tabletop accessories. The Company has five brands: Portmeirion, Spode, Royal Worcester, Pimpernel and Wax Lyrical. The Company's segments include UK and US operations. Portmeirion offers tableware and gifts with collections, such as Sophie Conran for Portmeirion and Ted Baker collection. Spode brand includes Blue Italian, Blue Room and Christmas Tree. Royal Worcester is engaged in providing porcelain tableware and cookware collections. Pimpernel provides placemats, coasters, trays and accessories. Pimpernel also includes Wrendale Designs collection, which includes placemats, coasters, trays, ceramic and melamine gift sets. Wax Lyrical offers fragranced candles and reed diffusers. The Company caters to markets, such as United States, the United Kingdom, South Korea, India, Taiwan and Thailand. more »

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7 Posts on this Thread show/hide all

MrContrarian 12th Jul '18 1 of 7

My morning smallcap tweet: Superyacht service shop serves stinker plus CLP claptrap.

GYG (LON:GYG), Clear Leisure (LON:CLP)

GYG (GYG) warns FY rev flat and adjusted EBITDA to be materially below the Board's expectations at approximately €5m. "Trading has been significantly weaker than expected in the first half of the year due to lower than expected project wins in New Build and some additional delays in anticipated Refit contracts." But in April GYG said "We have had an encouraging start to 2018, with a busy first quarter in refit...the Board looks to the future with confidence". Only taken a year after listing to warn.
Clear Leisure (CLP) Hype of the day. "our intention is to investigate other business opportunities for blockchain applications, which we believe will become, in a few short years, the backbone to most service industries around the world.” It's a secure ledger method. It won't be a backbone any more than EPOS is the backbone of Pret a Manger.

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Beginner 12th Jul '18 2 of 7

Manx Telecom (LON:MANX) may be worth a look. PER at c12.5 and yield c6%. They have a niche market in telecoms on the Isle of Man, where there has been little penetration by competitors. In line report this morning. The balance sheet is heavy with intangibles, but they have a moat (known as the Irish Sea!)
[Re http://briefedup.com/ The Battle of the Boyne was fought on 1 July, but is commemorated on 12 July due to the shift to the Gregorian calendar]

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andrea34l 12th Jul '18 3 of 7

Computacenter (LON:CCC) - excellent Q2 update: "Following a strong start to the year, as indicated in our Q1 Update, momentum has continued in the second quarter within the Supply Chain business across all geographies, but particularly in Germany, showing considerable progress in adjusted profitability, and even further progress in adjusted earnings per share following the buyback. The Board believes that the Group's trading result for the 2018 financial year will now be comfortably in excess of its previous expectations set out in the Q1 Trading Update." Stockrank 96.

I am generally wary of the housing sector at the moment, with most companies showing slower growth in both houses built and slower rates of house price growth. The Telford Homes (LON:TEF) unlike most large(r) companies in the sector doesn't give a detailed breakdown of houses sold/reservations or price growth, and this makes me particularly averse to investing in them.

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Nick Ray 12th Jul '18 4 of 7

You seem have mixed together Gamma Communications (LON:GAMA) and Gama Aviation (LON:GMAA) in your write-up.

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matylda 12th Jul '18 5 of 7

In reply to post #381649

Thanks for that and apologies to all, I am blaming a post World Cup semi-final hangover :)

Blog: Briefed Up
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Snoo 12th Jul '18 6 of 7

In reply to post #381654

Can you recommend a site that has all the trading updates? Or is there one where you can filter out the articles just so you can get news (and not the other announcements).

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matylda 12th Jul '18 7 of 7

In reply to post #381664

investegate or londonstockexchange as a back up and lse as a back up for the back up - Hope it helps :)

Blog: Briefed Up
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