Morning all!
Best Of The Best ( Best Of The Best (LON:BOTB) ) – 275p – £26m – PER 22
Trading Update For The 12 Months To End April 2019 – Expects FY Revenue to be marginally ahead of market expectations and Profit to be ahead (doesn't say by how much).
Will keep an eye out for Broker updates here – I was previously put off by 2 things, negative EPS growth forecast for 2020E and the fact legislation may be introduced here at some point.
Cerillion ( Cerillion (LON:CER) ) – 169p – £50m – PER 14.7
Trading Update For The 6 Months To End September 2019 – Encouraging with one major contract signed ($6.8m) and another ($10m) in the final stages. With H1 behind last year, FY is on track with H2 weighting from these contracts.
Not comfortable enough with this update to consider an investment.
Gresham Technologies ( Gresham Technologies (LON:GHT) ) – 95p – £65m – PER 56
Results For The 12 Months To End December 2018 – Excellent start to the year.
Liking this more but will wait to see actuals, to ensure there's a return to positive EPS.
McBride ( McBride (LON:MCB) ) – 105p – £192m – PER 7.5
Trading Update And CEO Leaves – FY earnings to be modestly lower than current market expectations and the CEO leaves, doesn't read like it was a happy ending.
I remain uninestered in this company at present.
Morses Club ( Morses Club (LON:MCL) ) – 177p – £230m – PER 11.7
Preliminary Results For The 52 Weeks To 23 February 2019 – Revenue up ever so slightly, Adjusted PBT up 14.6%. Adjusted EPS up 16.2%, Final Dividend up 8.3%. In a later RNS the CFO will retire in July 2019.
I will say the same thing as last time I covered this "Always quite liked this, decent growth and yield (4.5% or so). I reckon there’s some value here however the potential risk of more regulation just makes me shy away from that…
