I Read The News Today Oh Boy! 16-Apr-2019

Tuesday, Apr 16 2019 by
12

Morning all!

Discoverie ( Discoverie (LON:DSCV) ) – 416p – £300m – PER 14.3

Trading Update For The 12 Months To End March 2019 – FY to be in-line.

I see forecast single digit growth for next year and there's a fair amount of Net Debt here – Enough to keep me away for now.

Flowtech Fluidpower ( Flowtech Fluidpower (LON:FLO) ) – 122p – £73m – PER 7.4

Results For The 12 Months To End December 2018 – Revenue up 42%, Underlying PBT in-line with market expectations (up from £8.68m to £10.68m) with EPS down from 9.69p to 8.34p. The Dividend is up 5% and Net Debt is up from £14.9m to £19.9m.

An ex-holding of mine and not yet tempted to get back in – Will however be interested to see those 2019E and 2020E estimates following this update.

Telit Communications ( Telit Communications (LON:TCM) ) – 170p – £215m – PER n/a

Results For The 12 Months To End December 2018 – Revenue up 14%, LBT down from -$56.8m to $39.8m, Net Debt up from $30.2m to $34m.

Remains on my Avoid list until I see a Profit coming through. 

As always, all comment most welcome!

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discoverIE Group PLC, formerly ACAL PLC, designs, manufactures and supplies components for electronic applications. The Company operates through two divisions: Custom Supply and Design & Manufacturing. The Custom Supply division provides technically demanding customized electronic, photonic and medical products to the industrial, medical and healthcare markets, both from a range of international suppliers and from the Company's Design & Manufacturing division. The Design & Manufacturing division manufactures custom electronic products that are designed or modified from a standard product for a specific customer requirement. The products are manufactured at the Company's in-house manufacturing facilities or by third party contractors. Its technology areas include communications & sensors, power & magnetics, electromechanical & cabling, microsystems, and imaging & photonics. more »

LSE Price
418p
Change
1.7%
Mkt Cap (£m)
331.5
P/E (fwd)
14.2
Yield (fwd)
2.5

Flowtech Fluidpower plc is a United Kingdom-based distributor of technical fluid power products. The Company operates through two divisions: Flowtechnology, which is geographically split into Flowtechnology UK (FTUK) and Flowtechnology Benelux (FTB), and Power Motion Control (PMC). FTUK and FTB focus on supplying distributors and resellers of industrial maintenance, repair and operation (MRO) products, primarily serving urgent orders rather than bulk offerings. The PMC division is engaged in the design and assembly of engineering components and hydraulic systems, which are managed by component supply along with a service and repair function. Its business is focused on its distribution offering in over three categories: Pneumatics (products that enable the use of gases to provide mechanical motion), Hydraulics (products that enable the use of fluids to provide mechanical motion) and Industrial (products and accessories that act as conduits for gases and liquids). more »

LSE Price
139.5p
Change
-1.1%
Mkt Cap (£m)
86.2
P/E (fwd)
8.6
Yield (fwd)
4.6

Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT). The Company is organized into three geographical segments: EMEA, APAC and Americas. Through its business unit m2mAIR, Telit provides platform as a service (PaaS), including M2M managed and value added services, application enablement and connectivity, including mobile network side and cloud backend services. Its modules are integrated in a range of applications, including asset tracking, remote industrial monitoring, automated utility meter reading, insurance telematics, consumer electronics and mobile health devices. more »

LSE Price
162p
Change
-1.2%
Mkt Cap (£m)
216
P/E (fwd)
30.2
Yield (fwd)
n/a



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


2 Posts on this Thread show/hide all

MrContrarian 16th Apr 1 of 2
2

My morning smallcap tweet:

CAP XX (LON:CPX), Batm Advanced Communications (LON:BVC)

CAP-XX (CPX) trading: sounds mostly in line but "some softening in demand from manufacturers of Wearable Technologies" and "sales to Spire have not been followed up with new orders, as Spire has been impacted by trade tariffs into the US".
BATM Advanced Communications (BVC) wins initial $2m military contract for cyber security and networking.

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andrea34l 16th Apr 2 of 2
2

JD Sports Fashion (LON:JD.) reporting a huge increase in turnover to £4718m+49.2% (boosted by the US Finish Line acquisition) and a rather more modest EBITDA £488m+27% and profit before tax 340m+15.4%... oh, and a laughable dividend of 1.71p+5%!!! EPS is up only 13%... which all suggests to me that growth is being bought at the expense of underlying growth per share. This is a share I won't chase...

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