Morning all!

Findel ( Findel (LON:FDL) ) – 270p – £233.4m – PER 9.38

Trading Update For The 6 Months To End September 2018 – FY expectations remain unchanged. Net Debt down to £81m (expected to be around this level for FY).

This certainly becomes more attractive as that Net Debt decreases but for now I will remain Neutral.

Oxford Metrics ( Oxford Metrics (LON:OMG) ) – 65p – £81.2m – PER 15.1

Trading Update For The 12 Months To End September 2018 – In-line and still on track to deliver 5 year plan to double profits.

I remain Neutral here.

Flybe ( Flybe (LON:FLYB) ) – 32.2p – £69.8m – PER 27.3

Trading Update – FY Adjusted PBT to be lower than market expectations – Mean the Loss will be even bigger than expected.

I remain Neutral here, it would be on my Avoid list but I just like to keep up with the (sad) story.

Tristel ( Tristel (LON:TSTL) ) – 280p – £122.4m – PER 29.8

Audited Results For The 12 Months To End June 2018 – Revenue up 10% to £22.2m (2017: £20.3m), PBT (before share-based payments) up 15% to £4.7m (2017: £4.1m), Adjusted EPS 9.16p up 10% (2017: 8.34p), the Dividend is up 13.6% to 4.58p (2017: 4.03p) and Net Cash stands at £6.7m (2017: £5.1m).

I still don’t see how this stock justifies such a high rating, perhaps I am missing something. I remain Neutral.

Solid State ( Solid State (LON:SOLI) ) – 285p – £24.2m – PER 11.1

Trading Update For The 6 Months To End September 2018 – Expects to exceed FY market expectations and the order book is up 64%.

This looks much more interesting today than it did yesterday, I am going to add this to my Watchlist in the hope this fuels some upgrades (which I will keep an eye out for).

As always, all comment most welcome!

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