I Read The News Today Oh Boy! 21-Aug-2019

Wednesday, Aug 21 2019 by
10

Morning all!

Brady ( £BRY ) – 56p – £47m – PER 25

Trading Update – Expects FY Revenue to be circa £19m which looks like a miss of 20%+ and this will have an impact on EBITDA.

I said last time that it makes sense to wait and see actuals here – I stand by that. Latest Broker note this morning indicates negative EPS forecast for 2019E (no forecasts available for 2020E).

Costain ( £COST ) – 145p – £157m – PER 5

Interim Results For The 6 Months To End June 2019 – Everything down here (as expected), still expect to deliver on previously revised FY expectations.

Not sure how much of this is already in the price but I am not going to be trying to pick the bottom here in this low margin business. Latest Broker note this morning indicates negative EPS growth (-27%) forecast for next year and a an increase (15%) for the year after – So not a new EPS high.

Empresaria ( £EMR ) – 64p – £31m – PER 5

Interim Results For The 6 Months To End June 2019 – Revenue flat, Adjusted PBT down -21% with EPS down -34%, still expects to deliver FY market expectations for profit.

Fairly valued here (at best).

Hostelworld ( £HSW ) – 162p – £155m – PER 10

Interim Results For The 6 Months To End June 2019 – Seems like Revenue down circa -10%, EBITDA, EPS and Dividend down circa -15% and expects FY EBITDA to be below 2018.

I really don’t see this business succeeding in a race it is already losing, if I was to take any position here it would be a Short, except I suppose there is a possibility of a bid from one of the leaders in the race (or are they actually bothered?).

As always, all comment most welcome!

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Costain Group PLC is a technology-based engineering solutions provider. The Company offers consulting, project delivery, and operations and maintenance services. The Company operates through two segments: Natural Resources and Infrastructure plus Alcaidesa in Spain. The Infrastructure segment operates in the highways, rail and nuclear markets. The Natural Resources segment includes the Company's activities in water, power, and oil & gas markets. The Company offers a range of services, including advisory and concept development, specialist design, program management, project delivery, technology integration, and asset optimization and support. The Company offers services across whole life cycle of its customers assets in energy, water and transportation business areas focused on the United Kingdom market. more »

LSE Price
161.6p
Change
-0.7%
Mkt Cap (£m)
174.4
P/E (fwd)
5.4
Yield (fwd)
7.2

Brady plc is a United Kingdom-based provider of trading and risk management software to the global commodity and energy markets. The Company combines integrated and complete solutions supporting the commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, to back office financials and treasury settlement for energy, refined, unrefined and scrap metals, soft commodities and agriculture. The Company's business units are Commodities and Energy. Its clients include various financial institutions, trading companies, miners, refiners and producers, scrap processors, tier one banks, various London Metal Exchange (LME) Category 1, 2 clearing members, and other European energy generators, traders and consumers. It offers commodities solutions, energy solutions, credit risk, cloud services, and client services and support. more »

LSE Price
27.5p
Change
-1.8%
Mkt Cap (£m)
22.9
P/E (fwd)
30.8
Yield (fwd)
n/a

Empresaria Group plc is a United Kingdom-based international specialist staffing company. The Company's principal activity is the provision of staffing and recruitment services. The Company is organized across three regions: UK, Continental Europe and Rest of the World and operates across seven key sectors. The Company targets a balanced and diversified spread of operations across its regions and sectors. The Company also targets professional and specialist job levels where its brands can offer value added services to clients. The Company has three main service lines, temporary recruitment, permanent recruitment and offshore recruitment services. The Company’s offshore recruitment services represents a range of different recruitment services and provides training services in South East Asia. The Company's brands include Alternattiva, Ball and Hoolahan, Become, FastTrack and Greycoat. It has operations in 21 countries. more »

LSE Price
62p
Change
 
Mkt Cap (£m)
30.4
P/E (fwd)
4.9
Yield (fwd)
3.7



  Is LON:COST fundamentally strong or weak? Find out More »


1 Post on this Thread show/hide all

MrContrarian 21st Aug 1 of 1
4

My morning smallcap tweet: Titanic performance from GMS, not in a good way

Gulf Marine Services (LON:GMS), Brady (LON:BRY)

Gulf Marine Services (GMS) warns FY EBITDA $45-$48m, down YoY. Huge gap between EBITDA & profit -2018 adj EBITDA $58m yet lost $5.1m. Captain walks the plank.
Brady (BRY) warns FY rev ~£19m. F/C is £24.3m.

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