Morning all!
Alliance Pharma ( Alliance Pharma (LON:APH) ) – 79p – £405m – PER 15
AGM Statement – FY trading in-line.
I still see no value here at present.
Gateley ( Gateley Holdings (LON:GTLY) ) – 170p – £188m – PER 12.3
Trading Update For The 12 Months To End April 2019 – H2 strong, FY to be in-line.
Some value here perhaps but I consider it a potential for yield rather than growth.
Henry Boot ( Henry Boot (LON:BOOT) ) – 254p – £339m – PER 8.8
AGM Statement And Trading Update – FY in-line but cautious sounding.
Looks cheap but I am not tempted as growth looks rather pedestrian.
Hollywood Bowl ( Hollywood Bowl (LON:BOWL) ) – 226p – £340m – PER 16.1
Interim Results For The 6 Months To End March 2019 – Revenue up 5.3% (0.4% LFL), PBT up 12.5%, EPS up 13.6%, Interim Dividend up 11.8% and Net Debt is down from £7.2m to £5.3m. FY on track.
This looks quite good but I don't see much value on a PER of 15+ here.
HSS Hire ( HSS Hire (LON:HSS) ) – 36p – £60m – PER 17.1
Q1 Results (To End March 2019) – Expects FY EBITDA to be in-line with market expectations.
The Net Debt here just makes this uninvestible for me and why EBITDA here and not real profit?
S & U ( S&U (LON:SUS) ) – 2220p – £267m – PER 8.8
Trading Update For The Period From 1st February To 22nd May 2019 – Seems positive enough but no reference to FY expectations.
I still quite like this but the sector and Net Debt keep me away at present.
StatPro ( StatPro (LON:SOG) ) – 132p – £87m – PER 15
AGM Statement And Trading Update – FY remains in-line with expectations.
I reckon this is fairly valued (on a 2 Year view) around the 125p price…
