Morning all!
DX Group ( DX (Group) (LON:DX.) ) – 9.51p – £54.6m – PER n/a
Preliminary Results For The 12 Months To End June 2018 – Revenue up slightly (which is slightly ahead of market expectations), the Loss is also smaller than market expectations.
I remain Neutral here as it’s just too complicated for me – Way too much going on.
Revolution Bars ( Revolution Bars (LON:RBG) ) – 125p – £63.5m – PER 8.64
Interim Results For The 12 Months To End June 2018 – LFL Revenue down -0.6%, Operating Loss of £3.0m, the Final Dividend is maintained at 3.3p and pre-booked Christmas sales are up 20.3% (woo hoo!).
A strange set of results and some of the commentary is strange too, for example “H2 impacted by … the FIFA World Cup” – At least it seems like Christmas will not impact further! Why hold a stock when the main reason is the hope of a potential bid? Still guilty of the occasional school-boy error I continue to hold, just!
SCS ( SCS (LON:SCS) ) – 199p – £79.6m – PER 8.18
Preliminary Results For The 12 Months To 28th July 2018 – A strong year. Revenue up (slightly), Gross margin up (slightly), EPS up 14%, loads of Cash (£48.2m) and the Total Dividend is up 10.2%. Trading this year, so far, is in-line.
This looks almost decent enough to get involved for that juicy yield now (7%+), I am going to switch this up from Neutral to my Watchlist.
Treatt ( Treatt (LON:TET) ) – 482p – £281.4m – PER 25.3
Trading Update For The 12 Months To End September 2018 – In-line.
Based on forecasts I still can’t see the justification for a PER of 25 here – I remain Neutral.
As always, all comment most welcome!
