Morning all!
Carpetright ( Carpetright (LON:CPR) ) – 15p – £47m – PER 12.2
Trading Update For The 12 Weeks To End 20 April 2019 – In-line and on target to hit the £19m annualised savings.
Coming off my Avoid list, underpinned by £60m in assets (property freehold) could now be potential if a corner has been turned.
Devro ( Devro (LON:DVO) ) – 187p – £313m – PER 10.9
Trading Update – In-line, still expecting to be H2 weighted and confident of meeting previously outlined targets. Search for new Chairman (well advanced) continues.
That Net Debt and the not so upbeat update here is enough to keep me away for now.
Mincon ( Mincon (LON:MCON) ) – 101p – £223m – PER 13.5
Interim Trading Statement – Looks a bit mixed with what seems like Revenue up and profitability down.
I remain cautious here, it's not positive enough for me to get involved.
Severfield ( Severfield (LON:SFR) ) – 74p – £225m – PER 10.2
Trading Update For The 12 Months To End March 2019 – In-line with an Order book that is up from £230m in November 2018 to £274m (1 April 2019). Net Cash is down from £33m to £25m.
As always, quite a lot to like here, still probably some value too, considering the Net Cash and 4% or so Yield – It's just not enough for me though at present.
Synectics ( Synectics (LON:SNX) ) – 197p – £33m – PER 9.7
AGM Statement – Delays, Order deferrals, Brexit, H2 weighting, FY to be in-line.
I still quite like this (Stockpedia too, StockRank 93) but that H2 weighting is a bit of a downer, I remain on the sidelines for now.
As always, all comment most welcome!
