Morning all!

Plastics Capital ( Plastics Capital (LON:PLA) ) – 110.5p – £43.1m – PER 9.57

Final Results For The 12 Months To End March 2018 – Revenue up 16.6% to £76.7m with Adjusted PBT down -3.7% to £4.18m and Adjusted EPS down -17.4% to 9.5p. Expecting another year of progress (Revenue growth?).

Rising Revenue, falling PBT and EPS, no Dividend and with Net Debt of £15m (30%+ or so of Mkt Cap and 3x greater than PBT) – This remains on my Avoid list for now.

Trakm8 Holdings ( Trakm8 Holdings (LON:TRAK) ) – 105p – £37.7m – PER 13.6

Final Results For The 12 Months To End March 2018 – Revenue up 12% to £30.1m, Adjusted PBT up 142% to £2.8m with Adjusted EPS up 41% to 8.19p. Expecting H1 2019 Revenue to be below H1 2018 Revenue with FY 2019 still expected to be above FY 2018 in-line with market expectations.

I am no more interested here today than I was previously - Neutral.

Zoo Digital ( Zoo Digital (LON:ZOO) ) – 94p – £69.4m – PER 62.2

Final Results For The 12 Months To End March 2018 – Revenue up 73% to $28.6 million (2017: $16.5 million) with Adjusted PBT of $0.5 million (2017: loss of $0.1 million). There’s a complicated explanation of the figures and the outlook is hardly upbeat.

I was really keen on this and had it on my Watchlist, kicking myself at not having bought in. I am now (probably incorrectly) switching to Neutral as it’s just a little too confusing for simple old me.

Eve Sleep ( eve Sleep (LON:EVE) ) – 69p – £96.1m – PER n/a

Trading Update For The 6 Months To End June 2018 – A timely update that’s for sure, sales are up 61% but below expectations. Will change focus to core growth markets (countries) rather than new countries. UK profitability delayed. Not expected to recover from H1 in H2 – A profit (sorry, greater loss than forecast) warning it seems! And the CEO has been put to bed (sorry!).

As I mentioned previously this is a loss maker…

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