I Read The News Today Oh Boy! 23-Jul-2019

Tuesday, Jul 23 2019 by
16

Morning all!

Animalcare ( Animalcare (LON:ANCR) ) – 158p – £94m – PER 13

Trading Update For The 6 Months To End June 2019 – In-line with Net Debt down slightly, seems FY will be in-line too.

In-line makes this seem fairly valued (at best) around this level.

Beeks Financial Cloud ( Beeks Financial Cloud (LON:BKS) ) – 89p – £45m – PER 21

Trading Update – 2 Tier 1 clients signed and confirmed FY to end 2019 has traded in-line.

Sold out here after the interims and estimating a fair value circa 100p – I wonder if these new clients mean others will now be knocking down the door and if so, what will the lead times be? Based on the latest Broker note this morning, in my opinion, this still looks overvalued on a 1 Year and way undervalued on a 2 Year view – I am not a buyer as I just have no idea if or when those additional Tier 1 clients will come on board.

Colefax ( Colefax (LON:CFX) ) – 510p – £46m – PER 13.1

Results For The 12 Months To End April 2019 – Revenue flat at £86.36m (in a challenging trading environment), PBT up 8% to £5.10m (£4.72m last time), EPS up 3.2% to 39.3p (38.1p last time), Net Cash at £9.5m (£9.2m last time) with the Total Dividend up 4%.  Trading environment remains challenging into this year.

Plenty of Cash and seems well managed but just can’t see where growth is going to come from so it’s not for me at present.

Dotdigital ( dotDigital (LON:DOTD) ) – 101p – £296m – PER 23.3

Results For The 12 Months To End June 2019 – Revenue up 19% to £51.3m (£43.1m) with £42.5m organic, Adjusted EBITDA expected to be slightly ahead of market expectations. Momentum has continued into the new financial year.

I still reckon this is fairly priced around this level.  Based on the latest Broker note this morning, in my opinion, this still looks overvalued on a 1 Year and 2 Year view.

DX Group ( Yes

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Animalcare Group plc is a United Kingdom-based sales, marketing and product development company. The Company is principally engaged in the development, sale and distribution of licensed veterinary pharmaceuticals and identification products and services to companion animal veterinary markets. The Company develops and sells goods and services to veterinary professionals principally for use in companion animals, operating through the United Kingdom wholesalers and distribution and development partners in markets in Western Europe. The Company's product portfolio is divided into three product groups: pharmaceuticals (Licensed Veterinary Medicines); pet microchips (Companion Animal Identification), and consumable items (Animal Welfare Products). Animalcare Ltd is the Company's subsidiary. It has operations in the United Kingdom, Europe and Rest of World. more »

LSE Price
135p
Change
-3.6%
Mkt Cap (£m)
84.1
P/E (fwd)
11.7
Yield (fwd)
3.2

Beeks Financial Cloud Group PLC is a United Kingdom-based provider of custom computer programming company. The Company is focused on providing niche cloud computing and connectivity services for automated trading in futures and forex financial products. The Company’s platform designed for latency sensitive automated trading environments and provides on demand low latency computing resources to its clients through its direct connectivity. The Company offers server infrastructure and connectivity to its clients which enables same day trading of forex and futures on financial exchanges and trading venues. The Company’s products include dedicated server, VPS, and Co-Location. more »

LSE Price
82p
Change
 
Mkt Cap (£m)
41.7
P/E (fwd)
18.9
Yield (fwd)
0.8

Colefax Group plc is a holding company. The Company's principal activities are design, marketing, distribution and retailing of furnishing fabrics, wallpapers, trimmings, related products and upholstered furniture in the United Kingdom and overseas, and the sale of antiques, interior and architectural design, project management, decorating and furnishing for private and commercial clients. Its segments include Product division and Decorating division. Product division is involved in the design and distribution of furnishing fabrics, wallpapers, upholstered furniture and related products. Decorating division is involved in interior and architectural design and decoration, primarily for private individuals. The Company's brands include Colefax and Fowler, Cowtan and Tout, Jane Churchill, Manuel Canovas and Larsen. The Company's subsidiaries include Colefax and Fowler Limited, Kingcome Sofas Limited, Manuel Canovas SAS, Colefax and Fowler GmbH, and Colefax and Fowler Srl. more »

LSE Price
410p
Change
 
Mkt Cap (£m)
37.0
P/E (fwd)
10.7
Yield (fwd)
1.3



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


2 Posts on this Thread show/hide all

andrea34l 23rd Jul 1 of 2
1

I finally sold out of Norcros (LON:NXR) at the current level; I am put off now by the zero lfl growth, which I see as a new negative

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cidunn 23rd Jul 2 of 2
5

Thanks matylda, this is a mararthon view of this AM's news.

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