I Read The News Today Oh Boy! 15-Jul-2019

Monday, Jul 15 2019 by
15

Morning all!

Later than usual here and will be for the rest of July and August as I enjoy the summer hols (inc. mornings) with the little one before "BIG" school in September!

EKF Diagnostic Holdings ( EKF Diagnostics Holdings (LON:EKF) ) – 36p – £162m – PER 25

Trading Update – Current year has started well, Revenue is in-line and thanks to cost control EBITDA for the 6 months to end June 2019 is ahead of management expectations. Outlook for H2 is encouraging.

Forecasts seem to reflect all round single digit growth here this year and next so although ROCE and Operating Margin are great – Doesn’t seem like much value to me at this level.

Finsbury Food ( Finsbury Food (LON:FIF) ) – 68p – £88m – PER 6.9

Results For The 12 Months To End June 2019 – Revenue up 3.1% (LFL) and 3.8% total, expects FY Profit to be in-line.

I see FY Revenue growth forecast at 4% with EPS down slightly on last year so this is not for me at present.

Instem ( Instem (LON:INS) ) – 370p – £60m – PER 21

Trading Update For The 6 Months To End June 2019 – Expects FY to be in-line.

Still quite a lot to like here but 350p seems like a reasonable price to me.

Mission Marketing ( Mission Marketing (LON:TMMG) ) – 92p – £78m – PER 9.4

Trading Update For The 6 Months To End June 2019 – In-line with Revenue up 5 and Profit up 10%, expects significant H2 weighting.

I hold here but I have to admit I am not a fan of H2 weighting, will continue to hold (and observe) for now. 

As always, all comment most welcome!

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EKF Diagnostics Holdings plc is engaged in developing, manufacturing and supplying of products and services into the in-vitro diagnostic (IVD) market place. The Company manufactures and sells diagnostic instruments, reagents and certain ancillary products. The Company's point-of-care range includes hemoglobin analyzers, HbA1c analyzers and glucose analyzers for use in the screening, monitoring and diagnosis of patients, as well as rapid tests for pregnancy and common infectious diseases. The Company's Central Laboratory division includes a range of products for use in both large and small laboratory facilities. Its subsidiary, EKF Life Sciences, provides bulk diagnostic enzyme manufacturing and fermentation services. EKF Life Sciences specializes in producing enzymes, including Salicylate Hydroxylase and Beta-Hydroxybutyrate Dehydrogenase. Its products include Quo-Test A1c, Biosen C-Line and Biosen S-Line, STAT-Site M B-HB analyzer, sTNFR1 biomarker test kits and Altair 240. more »

LSE Price
33p
Change
-2.2%
Mkt Cap (£m)
149.9
P/E (fwd)
22.2
Yield (fwd)
3.0

Finsbury Food Group Plc is a United Kingdom-based bakery manufacturer. The Company is engaged in producing a range of cakes, bread and bakery snack products for retailers and the foodservice channel. The Company's segments include UK bakery, Overseas and Group Operations. The Company's UK Bakery segment manufactures and sells bakery products to the United Kingdom's multiple grocers and foodservice sectors. The UK bakery segment primarily includes the operations of Memory Lane Cakes Ltd, Lightbody Group Ltd, Campbells Cake Company Ltd, Johnstone's Food Service Ltd, Fletchers Bakeries Ltd and Nicholas & Harris Ltd. The Overseas segment is engaged in the distribution of the Company's product manufactured in the United Kingdom along with the sale of third party products primarily to Europe. Kara is the Company's foodservice brand. Its licensed brands include Disney, Thorntons, Weight Watchers, Vogel's, Village Bakery and Cranks. more »

LSE Price
78.5p
Change
 
Mkt Cap (£m)
102.4
P/E (fwd)
8.0
Yield (fwd)
4.7

Instem plc is a supplier of information technology (IT) applications to the early development healthcare market delivering solutions for data collection, management and analysis across the research and development continuum. The Company is engaged in Global Life Sciences operations. Its lead product suite, Provantis, is an application in the Early Development Safety Assessment (EDSA) market. The Provantis solution incorporates a suite of modules required for managing and recording EDSA studies, from receipt of the compound through to the automated assembly of statistical analyses and final reports. Its software allows scientific staff to collect, analyze and share data across the organization and externally. It also offers ALPHADAS, an early phase clinical software solution. The Company offers Centrus suite, which provides pre-built applications, as well as the ability to utilize a range of business intelligence and analysis tools. more »

LSE Price
360p
Change
 
Mkt Cap (£m)
58.7
P/E (fwd)
17.6
Yield (fwd)
n/a



  Is LON:EKF fundamentally strong or weak? Find out More »


2 Posts on this Thread show/hide all

andrea34l 15th Jul 1 of 2
2

I hope you enjoyed your hols.

I sold out (too early, albeit still a good profit) in Mission Marketing (LON:TMMG) but looking at this update I am not at all impressed with the single digit revenue growth after all those acquisitions. At the current price I don't see good value any more.

Goco (LON:GOCO) as partnered with CYBG to bring market-leading energy switching to customers of B, CYBG's digital banking service with over 300,000 users nationwide. Of the B customers with energy direct debits, 76% are currently with one of the UK's 'big six' energy suppliers, so there is a significant opportunity for its customers to save money by switching. 

B.P. Marsh & Partners (LON:BPM) announces an investment into Agri Services Company (PTY) Limited, based in Sydney Australia.This transaction has seen the Group subscribe for a 36% equity stake in Agri Services for an initial cash consideration of AU$1.47m (c.£817,000), and further consideration of up to AU$1.13m (c.£628,000) may become payable.

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wilkonz 15th Jul 2 of 2

I sold out (too early, albeit still a good profit) in Mission Marketing (LON:TMMG) but looking at this update I am not at all impressed with the single digit revenue growth after all those acquisitions. At the current price I don't see good value any more.

Me too. But I'd buy back at around 75 pence.

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