Morning All!

A lot to get through…

Headlam ( Headlam (LON:HEAD) ) – 570p – £483.6m – PER 12.6

Trading Update For The 12 Months To End December 2017 – Margin enhancements and efficiencies offset the slightly lower than expected revenue growth – Underlying PBT to be comfortably in-line with consensus market expectations (£42.5m, up 6% on last year).

Still attractive enough, especially for that reasonably well covered Dividend of circa 4%+. There’s also a decent cash pile. Wouldn’t mind this yield with the Cash safety net there too. It’s going on my Watchlist, 530p, where that yield will be even more attractive.

Ten Entertainment ( Ten Entertainment (LON:TEG) ) – 262p – £170.3m – PER 13.8

Trading Update For The 12 Months To End December 2017 – In-line with the growth strategy (LFL Revenue up 3.6% (7% in the second half). Expects EBITDA to be at the top end of the range of current market consensus. Encouraged by the performance of the new innovative “Pins & Strings technology” currently being rolled out.

Seems I missed the boat here on this one. Will keep an eye on this from the side-lines for now. Actually decided to add it to my Watchlist, 210p.

Air Partner ( Air Partner (LON:AIR) ) – 151.5p – £79.1m – PER 17.5

Trading Statement – CORRECTION - PBT (not Revenue) to be at least £6.4m (£5.1m last year) which is ahead of market consensus of £5.9m. Group retains a strong net cash position.

A decent update, I hold and will continue to do so.

SafeCharge International ( SafeCharge International (LON:SCH) ) – 311.5p – £457.5m – PER 17.8

Trading Update For The 12 Months To End December 2017 – In-line with market expectations, Revenues in the range of US$111-112 million and Adjusted EBITDA in the range of US$33-34 million. “With robust current trading, a strong sales pipeline and new clients set to join the platform, the Directors look forward with confidence to the 2018 financial year”.

I currently hold a long position here and will continue to do so.

Microgen (

Unlock the rest of this Article in 15 seconds

or Unlock with your email

Already have an account?
Login here