Morning all!
1PM ( £OPM ) – 46p – £40.3m – PER 6
Results For The 6 Months To End November 2018 – Revenue up 15%, Basic EPS up 12%, first Interim Dividend declared, well positioned for further growth.
I am Long here and this seems quite encouraging, will remain Long subject to market reaction here.
City Pub ( £CPC ) – 197p – £120m – PER 20.9
Trading Update For The 12 Months To End December 2018 – LFL up 1.6%, Revenue of £45.6m, in-line with market expectations. Opmitistic for 2019.
Still looks priced about right here.
EKF Diagnostics ( £EKF ) – 31.3p – £142m – PER 24.1
Trading Update For The 12 Months To End December 2018 – EBITDA to be comfortably ahead of market expectations with Net Cash of £9.4m (£7m last time).
I still can't see value here, will keep an eye out for Broker notes though.
Finsbury Food ( £FIF ) – 93p – £120m – PER 8.4
Trading Update For The 6 Months To End December 2018 – Revenue flat at best.
With the price down -7.5% yesterday perhaps this was to be expected. Not for me at present.
Getbusy ( £GETB ) – 34p – £16.5m – PER n/a
Trading Update For The 12 Months To End December 2018 – Revenue up 20%, Cash £2.5m (both ahead of expectations) and EBITDA in-line (actual Profit?).
I remain Long here and will wait to see actuals – Was unable to sell out in an illiquid market, now paying the price!
Headlam ( £HEAD ) – 400p – £338m – PER 9.3
Trading Update For The 12 Months To End December 2018 – Seems to be in-line with market expectations. Expects next years Revenue to be in-line with this year (market weakness) with Underlying PBT expected to be lower (guides £39m - £41m).
I still expect to see more drift in the share price here, not for me at present.
Nocros ( £NXR ) – 195p – £157m – PER 6.0
Trading Update And Acquisition – Buys South African Plumbing company for £12.1 (cash and existing facilities), to be earnings enhancing immediately. Current trading is challenging but in-line.
Would be tempting if it wasn't for that HUGE Net…
