Morning all!
AB Dynamics ( Ab Dynamics (LON:ABDP) ) – 1387p – £271m – PER 32.2
Final Results For The 12 Months To End August 2018 – Revenue up 50.8%, PBT up 77.9%, Diluted EPS up 70% and the FY Total Dividend will be 10% higher than last year. This is encouraging “progress continues to require ever greater investment in systems and our operational capability to ensure that we are fully capable of supporting current and future growth” although there may be an impact on margins as a result.
I am Neutral here (and have been kicking myself for not buying in much lower last year). I keep considering changing my view here and may well do after looking into additional updates this morning (just wary of this – it’s of course nice to have the issue of expansion but at what cost I wonder!).
Avon Rubber ( Avon Rubber (LON:AVON) ) – 1300p – £403.3m – PER 17.2
Unaudited Preliminary Results For The 12 Months To End September 2018 – Revenue up 8.7% (CC) to £165.5 with EPS down slightly (-1% or so). The Dividend though is up 30% (Net Cash bring up from £24.7m to £46.5m).
I am Neutral and remain of the view that this is fairly priced around the 1200p – 1400p mark.
Flybe ( Flybe (LON:FLYB) ) – 11.7p – £25.3m – PER n/a
Results For The 6 Months To End September 2018 and – Formal Sale Process Announcement
I just can’t be bothered anymore (no idea what will happen here) – It’s finally going on my Avoid list and I will cease coverage.
Renold ( Renold (LON:RNO) ) – 34.6p – £78.0m – PER 6.73
Interim Results For The 6 Months To End September 2018 – Revenue up 6.3%, Underlying Adjusted Operating Profit up 36.7% - Looking forward to continuing momentum into H2.
I remain Neutral but will keep an eye out for Broker updates as this is starting to look more attractive given the current valuation.
Speedy Hire ( Speedy Hire (LON:SDY) ) – 58.2p – £304.9m –…
