Morning all!

Angling Direct ( Angling Direct (LON:ANG) ) – 82p – £53m – PER n/a

Results For The 12 Months To End January 2019 – Revenue up 39%, all reads well until you get to the negative PBT and EPS.

I remain uninterested here, it's fishing stuff at the end of the day!

CentralNic ( CentralNic (LON:CNIC) ) – 48p – £82m – PER 11.4

Results For The 12 Months To End December 2018 – Revenue up 100% yet there's still a Loss After Tax of -£4.9m (-£1m last time), Net Debt is down from £7.2m to £2.5m.

Still not had a chance to look into this in any detail but would like to see that Revenue growth turn a profit!

Dignity ( Dignity (LON:DTY) ) – 676p – £338m – PER 9.9

Trading Update For Q1 2019 – Revenue down -15%, Underlying Operating Profit down -12%, even the number of deaths is down -12% (that's high!). This performance is below the Board's expectations. If the death rate rises (to "normal" levels) FY profits will be £3m - £4m lower than originally anticipated.

I still see no reason to go “bottom picking” here.

Midwich ( Midwich (LON:MIDW) ) – 623p – £497m – PER 19.1

AGM Statement – 1st 4 months of trading in-line.

600p or so still looks about fair value to me.

Myclex Technologies ( Mycelx Technologies (LON:MYX) ) – 205p – £77m – PER 45.6

Results For The 12 Months To End December 2018 – Revenue up 96% (to $27m), Net Profit $3.1m (-$1.2m loss last time). Look to be successful not just in Oil and Gas but in other commercial and industrial markets too.

This looks like a bit of a beat to me, I remain Long. 

As always, all comment most welcome!

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