Morning all!
Hope you had a great weekend.
City Pub ( City Pub (LON:CPC) ) – 204.5p – £115.5m – PER 25.4
AGM Statement – Sales up 23% (1st 18 weeks) with more pubs in the pipeline.
Will continue to remain Neutral until seeing how the increase in sales translates into profit.
Angling Direct ( Angling Direct (LON:ANG) ) – 104p – £44.7m – PER 33.5
Results For The 12 Months To End January 2018 – Revenue of £30.24m up by 44% (2017: £21.03m) with Operating profit of £0.9m up 27% (2017: £0.7m). A good start to the year, confident of meeting FY targets.
Was hoping for a more bullish set of results than this, will remain Neutral for now.
Cerillion ( Cerillion (LON:CER) ) – 143p – £42.2m – PER 13.5
Interim Results For The 6 Months To End March 2018 – In-line (although they don’t seem so great) – Confident for the full year.
I was hoping for a little more here, I will remain Neutral for now.
Eckoh ( Eckoh (LON:ECK) ) – 43.5p – £109.7m – PER 22.1
Trading Update For The 12 Months To End March 2018 – In-line with Market expectations with several sizeable contract wins.
This is looking quite interesting, will add it to the Watchlist at 40p to keep an eye on it.
CML Microsystems ( CML Microsystems (LON:CML) ) – 567.5p – £96.8m – PER 22.8
Trading Update For The 6 Months To End March 2018 – In-line.
This was on my Watchlist at 450p. I reckon it’s high enough now so I am going to go Neutral here.
As always, all comment most welcome!
