Morning all!
PCF ( PCF (LON:PCF) ) – 35.5p – £76.0m – PER 11.7
Trading Update For The 12 Months To End September 2018 – Trading in-line with market expectations.
Still quite like this and although it’s got a HUGE amount of Net Debt (it’s part the nature of the business here) this is now going on my Watchlist – (based on Stockopedia) EPS growth forecast as 26.8% in 2018E and 63.7% in 2019E.
Cerillion ( Cerillion (LON:CER) ) – 146p – £43.1m – PER 13.5
Trading Update For The 12 Months To End September 2018 – Expected to be in line with current market expectations - Revenues up 8% to circa £17.4m and adjusted EBITDA up 9% to circa £3.9m.
I do like a few things here but I remain Neutral as I see this as perhaps reasonably priced around this level.
D4t4 Solutions ( £D4T4 ) – 194.5p – £74.2m – PER 15.3
Trading Update – Revenue in HY1 up 194% to £13.95m (marking a return as expected to a more normal trading cycle following the unusual phasing seen last year) with Adjusted Profit expected to be comfortably in line with management expectations. There’s Net Cash of £12.19m and confident for FY.
This is on my Watchlist and this looks like good news, will be checking Broker notes today, quite tempted here.
CML Microsystems ( CML Microsystems (LON:CML) ) – 450p – £77.1m – PER 17.3
Trading Update For The 6 Months To End September 2018 – In-line.
I still don’t see the value here at present, I remain Neutral.
As always, all comment most welcome!
