Morning all!
Idox ( Idox (LON:IDOX) ) – 31p – £130m – PER 13.5
Interim Results For The 6 Months To End April 2019 – Revenue up 1% with losses down considerably.
Still no interest here for me at present. Based on the latest Broker note this morning, 2019E EPS is forecast as down -30%, so no near term growth here.
Judges Scientific ( Judges Scientific (LON:JDG) ) – 3520p – £220m – PER 18.6
Trading Update For The 6 Months To End June 2019 – Order book at 13.2 weeks, down from 15 weeks last time but confident of hitting FY expectations. Mention of exchange rate help.
Still looks overvalued to me.
Midwich ( Midwich (LON:MIDW) ) – 560p – £445m – PER 16.7
Trading Update For The 6 Months To End June 2019 – Traded well in the first half and expects FY cash generation to be in-line with the groups long term average.
I am no more interested here today than I was yesterday.
SThree ( SThree (LON:STHR) ) – 279p – £365m – PER 8
Interim Results For The 6 Months To End May 2019 – Revenue up 10% (CC), PBT up 16%, EPS up 14% with the Interim Dividend up about 8% or so. FY expectations remain unchanged.
Tempting but even on a single digit PER would only be for the yield. Based on the latest Broker note this morning, in my opinion, this looks about fairly priced on a 1 Year but overvalued on a 2 Year view.
Tristel ( Tristel (LON:TSTL) ) – 300p – £134m – PER 25
Trading Update For The 12 Months To End June 2018 – In-line and now owns 80% of Tristel Italia (20% previously), to be earnings enhancing next year.
Still not for me. Based on the latest Broker note this morning, in my opinion, this still looks overvalued on a 1 Year and 2 Year view.
As always, all comment most welcome!
