Morning all!
Angling Direct ( Angling Direct (LON:ANG) ) – 82p – £53m – PER n/a
Trading Update For The 4 Months To End November 2018 – Revenue up 31.5% (in-store 7.2%, online 24.3%), confident of meeting FY expectations.
Seems encouraging but I remain unsure whether they can really create a profitable growth story here – In such a small niche. I will remain humble and perhaps humbled on the side-lines.
Redde ( Redde (LON:REDD) ) – 167.2p – £511.6m – PER 11.9
Trading Update – Positive start continues, bottom line is profits are ahead of the corresponding period last year.
It’s fine being ahead of last year when you are supposed to show a 20% increase in Net Profit this year (according to Stockopedia). It would be more prudent to update on where it is in relation to expectations. The reason the latter is not reference is reason for caution (in my opinion).
Scientific Digital Imaging ( Scientific Digital Imaging (LON:SDI) ) – 34.5p – £30.9m – PER 13.3
Interim Results For The 6 Months To End October 2018 – Record breaking - Revenue up 23%, Adjusted PBT up 32%, outlook for the current year remains comfortably in-line with market expectations.
I considered this fairly priced last time I looked (41p) but this looks quite encouraging. I will keep an eye out for updates (upgrades) here and re-evaluate that 41p fair price.
As always, all comment most welcome!
