Morning all!
Anpario ( Anpario (LON:ANP) ) – 337p – £79m – PER 18
AGM Statement – Challenges but margins improved and expects FY to be in-line.
I see no value here at all at present.
Liontrust Asset Management ( Liontrust Asset Management (LON:LIO) ) – 718p – £364m – PER 14
Results For The 12 Months To End March 2019 – Revenue, Adjusted PBT and EPS both up 10% - Consistent! The Total Dividend is up 29%.
Looks quite good but just too dependent on in-flows into AUM, just like all Asset Management companies.
James Latham ( James Latham (LON:LTHM) ) – 835p – £164m – PER 13.2
Results For The 12 Months To End March 2019 – Revenue up 9.4%, PBT flat (£15.3m), EPS up 6.4% and the Dividend is up just under 10%.
Still seems steady enough here but can't see any kicker for getting past the pedestrian growth here.
Manolete Partners ( Manolete Partners (LON:MANO) ) – 527p – £229m – PER 31.4
Maiden Results For The 12 Months To End March 2019 – Ahead of expectations, Revenue up 30% (from £10.6m to £13.8m), PBT up 85% (pre IPO costs), Maiden Dividend 1.49p, Investment cases up 72%, Cash at £9.7m.
First coverage here, looks good – Will be looking into this in more detail.
Scientific Digital Imaging ( Scientific Digital Imaging (LON:SDI) ) – 54p – £52m – PER 16.2
Trading Update For The 12 Months To End April 2019 – Expects Revenue of £17.4m, PBT no less than £2m, Net Debt £1.6m.
I am Long here and this looks quite good.
Wincanton ( Wincanton (LON:WIN) ) – 267p – £333m – PER 7.7
AGM Statement – In-line.
Perhaps attractive for the yield but not so sure about there being much potential for meaningful growth – Probably reflected in the rating.
As always, all comment most welcome!
