I Read The News Today Oh Boy! 18-Apr-2018

Wednesday, Apr 18 2018 by
23

Morning all!

GYG ( GYG (LON:GYG) ) – 106.89p – £49.9m – PER 9.05

Final Results For The 12 Months To End December 2017 – Revenue up 14.7% to €62.6m (FY161 €54.6m), Operating profit of €1.4m which includes €3.9m of exceptional items, mainly related to the IPO (FY16 operating profit of €1.9m), Net Debt reduced to €6.7m at 31 December 2017 (FY16: €10.4m). Total dividend of 3.2p, reflecting the 6 month period from IPO to the year end.

I just don’t know here – Looks decent value but I am just not sure with those “exceptional items”. I will remain Neutral for now.

IG Design ( IG Design (LON:IGR) ) – 432p – £276.0m – PER 18.5

Trading Update For The 12 Months To End March 2018 – In-line.

Still quite like this - It remains on my Watchlist, 380p (Sadly I missed a retracement to my Entry earlier in the month, perhaps I will need to revise this level now).

System1 ( SysGroup (LON:SYS)1 ) – 300p – £37.4m – PER 18.0

Trading Update For The 12 Months To End March 2018 – Can’t see any good news here.

No more interested here today than I was yesterday, I remain Neutral for now.

Telford Homes ( Telford Homes (LON:TEF) ) – 423.5p – £319.8m – PER 7.58

Trading Update For The 12 Months To End March 2018 – Expects to report record levels of Revenue and PBT (up by more than 30% and slightly ahead of market expectations - Assisted by an improvement in the gross and operating margins of approximately 3%).  Strong opportunity for further growth in the coming years.

Looks great value and quite tempting even if it’s just to have some exposure to a sector I am avoiding due to “uncertainty”. I have been expecting “blood on the streets” for some time in the housing and automobile sectors, perhaps wrongly! Will remain Neutral here for now.

Vianet ( Vianet (LON:VNET) ) – 139.6p – £39.5m – PER 15.0

Trading Update For The 12 Months To…

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GYG plc is a United Kingdom-based superyacht painting, supply and maintenance company. The Company provides painting, supply and maintenance services to the superyacht industry. It operates under three divisions: Refit, New Build and Supply. Refit division includes repainting and finishing of superyachts, normally as part of a refit program. Refit also includes scaffolding and containment work. New Build division includes fairing and painting of new vessels as part of the build process. Supply division includes selling and delivery of maintenance materials, consumables, spare parts and equipment primarily to trade customers. It offers services through operations in the Mediterranean, Northern Europe and the United States. The Company’s brands include Pinmar, Rolling Stock, Pinmar Supply, Pinmar USA, Techno Craft and ACA Marine. more »

LSE Price
55.5p
Change
 
Mkt Cap (£m)
25.9
P/E (fwd)
20.2
Yield (fwd)
n/a

System1 Group PLC, formerly BrainJuicer Group PLC, is a United Kingdom-based company, which is focused on marketing and brand consultancy, with proprietary market research and advertising solutions grounded in the principles of behavioural science. The Company’s services include System1 Agency and System1 Research. System1 Agency is advertising agency, that creates advertising proven to translate emotion into profitable brand growth. System1 Research produces the FeelMore50, an annual ranking of the world’s 50 TV and digital ads. The Company offers its client create 5-Star, fame-building communications. The Company operates in the United Kingdom, the United States, Continental Europe, Brazil, China and Singapore. more »

LSE Price
237p
Change
 
Mkt Cap (£m)
29.8
P/E (fwd)
9.0
Yield (fwd)
3.2

Dignity plc is a United Kingdom-based provider of funeral related services in the United Kingdom. The Company operates through three segments: funeral services, crematoria and pre-arranged funeral plans. The Company's funeral services relate to the provision of funerals and ancillary items, such as memorials and floral tributes. The Company's crematoria services relate to cremation services and the sale of memorials and burial plots at the Company operated crematoria and cemeteries. The Company's pre-arranged funeral plans include the sale of funerals in advance to customers wishing to make their own funeral arrangements, and the marketing and administration costs associated with the sales. The Company operates a network of approximately 720 funeral locations throughout the United Kingdom trading under established local trading names. The Company operates approximately 40 crematoria in England and Scotland. The Company's number of active funeral plans is approximately 374,000. more »

LSE Price
650p
Change
0.6%
Mkt Cap (£m)
323.1
P/E (fwd)
9.8
Yield (fwd)
3.8



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


6 Posts on this Thread show/hide all

SeaRd 18th Apr '18 1 of 6
2

Hi Matylda .. you are probably already aware of it but you may want to change the date in the title.
TY for your efforts in providing these valuable morning summaries.

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lemonjar 18th Apr '18 2 of 6
1

Yep second that, I always read them, thanks for sharing your comments Matylda. I think they are great little nuggets and value the consistency / objectivity of your analysis. Cheers!

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andrea34l 18th Apr '18 3 of 6

The announcement from Dignity (LON:DTY) provides zero excitement for me - I can't summon up any enthusiasm for a company who considers a flat EBIT and very moderate revenue increase "a performance significantly above management expectations", as well as saying "...the anticipated mix of simple funerals as a percentage of total funerals has continued at levels lower than the Board's initial forecast." It all sounds very dull...

...and I find the thought of investing in a funeral company quite depressing anyway.

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matylda 18th Apr '18 4 of 6

Thanks all - Title now corrected.

The market seems to like Dignity (LON:DTY), I am not overwhelmed at all, perhaps the market was expecting worse or perhaps a war :(

Blog: Briefed Up
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ezlifeme 18th Apr '18 5 of 6
7

Lack of the extra £350M a week post Brexit to boost the NHS?

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Tristan_Treacy 19th Apr '18 6 of 6
3

I hold Telford Homes (LON:TEF) and have for a while. I think it operates in a sweet spot - properties young professionals can afford which also appeal to overseas investors who want a bolt hole in London. Hence they haven't been hit by the downturn at the very high end of the market. They are also able to forward sell sometimes two years ahead, taking a 10% deposit upfront which de-risks them significantly. Their statement confirmed the growth that was expected last year but nothing substantive on outlook which is disappointing given that they have set very clear guidance previously. Maybe they will give more detail in their results (due out in May) but this was a frustrating statement.

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 Are LON:GYG's fundamentals sound as an investment? Find out More »





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