Morning all!
Duke Royalty ( £DUKE ) – 44p – £88m – PER 12
Trading Update For The 12 Months To End March 2019 – Results to show significant uplift on last year, Revenue and Cash Flow in-line. Pipeline remains strong.
I am Long here and if forecasts are met this still looks like good value to me on a 1 and 2 Year view. Based on the latest Broker note this morning, in my opinion, looks way undervalued on a 1 Year and 2 Year view - Net Debt a minor concern but all round growth and 6% or so Yield look good.
Lookers ( £LOOK ) – 44p – £171m – PER 5
Interim Results For The 6 Months To End June 2019 – Revenue up 2.7%, PBT down -39.7%, EPS down -29.5%, Interim Dividend held and the Balance Sheet is “strong” with Net Debt at £73.9m.
I still remain on the side-lines here and in the sector as a whole at present. Latest Broker note this morning indicates negative EPS growth (-30%) forecast for next year and a slight increase (1%) for the year after.
As always, all comment most welcome!
