I Read The News Today Oh Boy! 24-Oct-2018

24th Oct '18 by matylda

5 comments 2274 reads

Morning all!

Photo-Me International ( Photo-Me International (LON:PHTM) ) – 99.6p – £376.2m – PER 10.2

Trading Update For The 1^st 5 Months Of The Financial Year – In-line, confident of returning to growth in FY 2019.

I will wait and see – I remain Neutral.

North Midland Construction ( North Midland Construction (LON:NMD) ) – 435p – £44.2m – PER 5.34

Trading Update – Revenue to exceed FY expectations, circa £340m - £350m with Net Margins between 1.7% and 1.8% - The Order book is up 10% on last year and trading remains buoyant.

There’s still quite a lot to like here (considering the historic Revenue and EPS CAGR rates) – It’s going on my Watchlist (just wish I could find some forecasts!).

As always, all comment most welcome!

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Albertos

24th Oct '18

North Midland Construction (LON:NMD)

????? £350m multiplied by 1.8% is £6.3m. This (presumably operating profit) is less than last year.

Am I doing something wrong?

Phil

matylda

A fine point to make Phil which I missed in my haste - The thing with North Midland Construction (LON:NMD) which is most annoying is there are no forecasts anywhere (I can find).

MrContrarian

My morning smallcap tweet: Yu down the loo.

Impact Healthcare REIT (LON:IHR), Premier Veterinary (LON:PVG), Autins (LON:AUTG), North Midland Construction (LON:NMD), Challenger Acquisitions (LON:CHAL), Image Scan Holdings (LON:IGE), Angling Direct (LON:ANG)

Impact Healthcare (IHR) plans £150m raise to buy property portfolio in next few weeks.
Premier Veterinary (PVG) FY trading. Rev up 24%, sounds like a miss. Excluding new possible UK contract and US contract (pilot not started) guides growth slower rate than expected.
Autins Group (AUTG) FY trading: challenging conditions (as guided in Sept) has led to rev only £29m.
North Midland Cnstrn (NMD) Guides FY rev above mgmt expectations at £340 - £345m.
Challenger Acquisitions (CHAL) New York Wheel Project dead in the water (sky?). "Since our company was not expecting a return from this investment for several years, we are continuing to seek out, evaluate and review a potential project that can utilise the public company platform."
Image Scan Holdings (IGE) guides poor (as expected) FY rev £3.5m (£5.0m). Brave face " our order pipeline is strong, and I am confident the changes to our team and the re-focus of our research and development efforts can return us to our previous growth path"
Angling Direct (ANG) £20m placing at 92.5p, an 8% discount.

North Midland Construction (LON:NMD)

There's something more in the mix matylda after looking at further. The 2017 figures on Stockopedia are after an IFRS15 restatement - this now goes into the too difficult pile.

Phil

Agreed, it looks too complicated for me at the moment - I am not a balance sheet kind of guy and it gets much worse when you throw IRFS 15 into the mix - Thanks for delving deeper and sharing, still keeping my eye out for broker coverage.

I Read The News Today Oh Boy! 24-Oct-2018

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Matylda

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