Morning all!
Alpha Financial Software ( £ALFA ) – 79p – £236m – PER 12
Interim Results For The 6 Months To End June 2019 – Revenue down -6%, Profit and EPS down circa -40%.
Remains on my Avoid list for now.
Equals Group ( £EQLS ) – 99p – £177m – PER 16
Interim Results For The 6 Months To End June 2019 – Revenue up 21%, Adjusted PBT up 15.4%, expects FY in-line.
I am Long here and this seems positive enough to me.
Pelatro ( £PTRO ) – 76p – £25m – PER 6
Interim Results For The 6 Months To End June 2019 – Revenue up 14%, EPS up 15%, FY to be in-line.
There’s a lot to like but I just have some spidey senses tingling here, enough to keep me away.
Sumo ( £SUMO ) – 165p – £249m – PER 25
Interim Results For The 6 Months To End June 2019 – On track to meet consensus market forecasts for FY.
Based on forecasts I don’t currently see enough value here to tempt me.
Xpediator ( £XPD ) – 26p – £35m – PER 6
Interim Results For The 6 Months To End June 2019 – Revenue up 29.8%, Adjusted PBT down circa -20% (expects FY no less than £5m, think this is about in-line with forecasts), Adjusted EPS is down circa -30%. Believes a Hard Brexit offers potential for significant profits (from custom processes).
There’s just too much uncertainty here and I am not interested at present.
As always, all comment most welcome!
