Morning all!

Bango ( Bango (LON:BGO) ) – 98.5p – £69m – PER 17.7

Results For The 12 Months To End December 2018 – Revenue up 60%, Loss reduced from -£3.9m to -£3.5m, Cash at £3.8m (down from £4.85m) – "Bango expects to generate sufficient cash to cover both the operational costs of the business and the continued investment in product development in the coming year".

Looks less of a gamble than it used to be but still not enough for me to get involved yet.

Bloomsbury Publishing ( Bloomsbury Publishing (LON:BMY) ) – 226p – £170m – PER 13.8

Trading Update For The 12 Months To End February 2019 – In-line with Net Cash circa £27m.

I reckon this is about fair value around this level.

Elcosoft ( Elecosoft (LON:ELCO) ) – 79p – £64.6m – PER 18

Results For The 12 Months To End December 2018 – Revenue up 11%, PBT up 8% with Adjusted EPS up just over 30%, the FY Dividend is up 13%.

Seems to be in-line, I remain on the sidelines having sold out in October last year.

Focusrite ( Focusrite (LON:TUNE) ) – 517p – £300m – PER 28.5

Trading Update For H1 For The Financial Year Ending August 2019 – Revenue seems to be up a couple of percent with profits ahead of last year too. Net Cash is up from £22.8m to £26.2m.

I held here previously but sold out in July 2018. Sure, there’s still a lot to like, the Net Cash, ROCE and Op Margin, for example. However, on a PER of almost 30 for a company forecast for almost no EPS growth over the next 2 years, it’s not for me at present.

Gym ( GYM (LON:GYM) ) – 202p – £279m – PER 17.4

Results For The 12 Months To End December 2018 – Revenue up 35.6%, Adjusted PBT up 19.4%, Adjusted EPS up just over 10% with the FY Dividend up just under 10%. The New Year has started in-line.

I think I would have expected more here, I will…

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