I Read The News Today Oh Boy! 22-Jul-2019

Monday, Jul 22 2019 by

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!

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Idox plc is a supplier of specialist information management solutions and services to the public sector and to regulated asset intensive industries around the world. The Company operates through five business segments: Public Sector Software (PSS), Engineering Information Management (EIM), Grants (GRS) and Compliance (COMP). PSS segment is an application provider to the United Kingdom local government for core functions relating to land, people and property, such as its planning systems and election management software. The EIM segment delivers engineering document management and control solutions to asset intensive industry sector. The GRS segment delivers funding solutions to private and third sector customers. The COMP segment provides compliance solutions to corporate, public and commercial customers. more »

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Judges Scientific plc is a United Kingdom-based company, which is engaged in the acquisition and development of a portfolio of scientific instrument businesses. The Company's activities are predominantly in or in support of the design and manufacture of scientific instruments. Its segments include Materials Sciences and Vacuum. Its subsidiaries include Armfield Limited, engaged in the design and marketing of engineering equipment and research instruments; Fire Testing Technology Limited, which is engaged in the design, manufacture and service of instruments that measure the reaction of various materials to fire; Scientifica Limited, which offers micropositioning equipment, microscopes and advanced imaging systems used in electrophysiology and neuroscience; Quorum Technologies Limited, which manufactures scientific instruments primarily used for electron microscopy sample preparation, and Sircal Instruments (UK) Limited, which designs, manufactures and distributes rare gas purifiers. more »

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Midwich Group Plc, formerly Jade 320 Limited, is a holding company. The Company's principal activities are to carry on business as a general commercial company and to carry on the business of an audiovisual (AV) and document solutions distributor to the trade market, with operations in the United Kingdom, Europe and Australia. The Company's segments include UK & Ireland, France, Germany and Australasia. The Company provides a portfolio of audiovisual categories, such as large format displays, projectors, digital signage and printers. The Company's brands include BOSCH, CASIO, CHIEF, SONY, SHARP, NEC, PHILIPS, RICOH, PLANAR, BrightSign, DATAPATH, revolabs, Reserva, Canon, SAMSUNG and Panasonic. The Company serves AV integrators and information technology (IT) resellers in corporate, education, retail, residential and hospitality sectors. more »

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

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