Morning all!

D4t4 Solutions ( £D4T4 ) – 238p – £96m – PER 16.5

AGM Statement – In-line, seemingly happy about the weak GBP, could perhaps be affected if it is not so weak (maybe not).

Still looks overvalued to me.

Macfarlane ( £MACF ) – 95p – £150m – PER 11.5

Interim Results For The 6 Months To End June 2019 – Revenue up 5.4%, PBT up 8.7%, Interim Dividend up 6.2%, Diluted EPS up 9.9% with Net Debt up from £13.2m to £15m (the Pension Deficit is down from £9.8m to £9m. Confident of meeting FY expectations (with increased H2 margins and normal Q4 seasonal uplift).

I mentioned last time that I sold out here at around 100p believing that to be about fair value – I retain that view at present, I also feel the notes on FY expectations are, perhaps, a little over cautionary.

Sopheon ( £SPE ) – 770p – £78m – PER 18

Interim Results For The 6 Months To End June 2019 – Revenue, EBITDA down, Net Cash, Recurring Revenue up, very bullish on a “rapidly advancing sales pipeline”. Doesn’t seem to be any guidance against FY expectations.

I remain on the side-lines here but that may change when I see the actuals, it’s a shame there was no FY guidance versus expectations.

As always, all comment most welcome!

Unlock the rest of this Article in 15 seconds

or Unlock with your email

Already have an account?
Login here