Morning all!
Majestic Wine ( Majestic Wine (LON:WINE) ) – 318p – £229m – PER 22.8
Results For The 12 Months To 1st April 2019 – Revenue up 6.3%, Adjusted PBT down -34.5%, Adjusted EPS down similar to 14.7p, LBT of -£8.5m (£8.3m PBT last time), Final Dividend cancelled to be replaced by a Special Dividend later in the year.
Going through a transformation here and it's just too confusing for me at present – I will remain on the side-lines until things are a little clearer.
Onthemarket ( Onthemarket (LON:OTMP) ) – 105p – £66m – PER n/a
Results For The 12 Months To End January 2019 – Revenue up slightly, Operating Loss of -£13.6m (+£3.9m last time), Cash at £15.7m.
I remain uninterested here until I see more progress, at the moment it seems too much like a coin flip to me.
Sopheon ( Sopheon (LON:SPE) ) – 1140p – £116m – PER 22.9
AGM Statement – Confirms Revenue up 19%, PBT up 25%, Net Cash at $16.7m, all growth organic and Dividend will be increased 30%.
Still continue to kick myself for not paying up here sub 400p (not that long ago) but I still reckon it’s overvalued now at these levels.
Taptica International ( Taptica International (LON:TAP) ) – 98p – £125m – PER 2.8
AGM Statement – First 5 months Revenue lower than last year, buybacks continue.
I am still staying away from this for now – Just no idea if it's a viable business.
Volex ( Volex (LON:VLX) ) – 102p – £150m – PER 8.8
Results For The 12 Months To End March 2019 – Revenue up 15.4%, Underlying PBT up 108.2%, EPS up 42.7% (to 12.7c) with Net Cash at $20.6m ($9.9m last time). Expects to reinstate Dividend at next Interims.
Looks like a slight beat on the forecasts I had – I remain Long here.
As always, all comment most welcome!
