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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