Morning all!
D4t4 Solutions ( £D4T4 ) – 155p – £58.9m – PER 13.5
Trading Update For The 12 Months To End March 2018 – Revenue to be circa £20, Adjusted Profit expected to be slightly ahead of management expectations, Net cash £3.9m - Enters the new financial year in robust shape with an encouraging pipeline & opportunities ahead. Confident of meeting 2019 expectations.
Looks OK but around this level, seems reasonably priced to me.
Lok’n Store ( Lok'n Store (LON:LOK) ) – 412p – £121.3m – PER 30.8
Interim Results For The 6 Months To End January 2018 – Revenue up 5.7% to £8.82m, Adjusted PBT £2.55m up 21.3%. NAV is £4.18, up from £3.87. “Positive momentum carried into second half, continues to grow strongly”.
I see decent downside protection here, there’s a decent 2.5% or so Dividend and potential for growth. Not enough though to tempt me away from my Neutral stance at present.
Tax Systems ( Tax Systems (LON:TAX) ) – 81p – £65.4m – PER 16.8
Audited Results For The 12 Months To End December 2017 – LFLRevenue up 17% (2017: £15.1m, 20161: £12.9m), but still making a loss. Stockopedia has it forecast at £4.0m profit and EPS of 4.24.
I just don’t like this – And, the Net Debt, although reduced 16%, is still quite large (£20.5m). Probably because I don’t properly understand the accounting here (there’s much easier numbers to analyse out there) this is going on my Avoid list for now.
Safestyle UK ( Safestyle UK (LON:SFE) ) – 80p – £66.2m – PER 7.16
Trading Update And Directorate Change – Competitor means market share has been weak – Expects Revenue and Underlying Profit to be significantly below market expectations. Recommending proposed 7.5p Dividend is cancelled. Board change – Whatever.
Suffice to say this is remaining on my Avoid list – Like, forever.
FairFX ( FairFX (LON:FFX) ) – 100.04p – £155.4m – PER 20.4
Audited Results For The 12 Months To End December 2017 – Revenue £15.5m (2016: £10.2m), an increase of 52% (33% LFL), Adjusted PBT of £0.9m (2016: loss £1.6m)…
