Morning all!
Kainos ( Kainos (LON:KNOS) ) – 327p – £387.0m – PER 25.9
Trading Update For The 12 Months To End March 2018 – In-line.
Although there’s a lot of positives here on a PER of 25+ I expect to see a little more than in-line. Having said that, the ROCE and Operating Margin are great.
Carr’s ( Carr's (LON:CARR) ) – 137.25p – £125.5m – PER 11.0
Interim Results For The 6 Months To 3 March 2018 – Significant improvements, expecting FY to be slightly ahead of expectations.
Looks quite good but just wondering if the upside is capped at 160p. Not sure there’s enough here to push it through yet, will keep an eye on a break-out.
Cerillion ( Cerillion (LON:CER) ) – 158.7p – £46.8m – PER 15.0
Trading Update For H1 2018 – Revenue in-line, EBITDA expected to be down from £1.5m to £1.4m, no mention if this is in-line or not, I suspect not - So why not just say so!
I still think this looks OK but I will remain Neutral for now.
As always, all comment most welcome – Have a great day!
