Morning all!
Fulham Shore ( £FUL ) – 11p – £63m – PER 72
Trading Update – In-line.
Still looks to be heading in the right direction but still not enough for me at present.
Headlam ( £HEAD ) – 419p – £355m – PER 10.89
Interim Results For The 6 Months To End June 2019 – Revenue up 3.3% (LFL 2%), Profit and EPS down slightly, Interim Dividend held. FY expectations unchanged but mention of the B word.
I maintain my previous view here “The growth here is not exactly stellar but the yield and ability to pay that yield seems to be providing support – A potential for income (with small growth perhaps)”.
IG Design ( £IGR ) – 590p – £463m – PER 18
Trading Update – Strong YoY Revenue and Profit growth, Order book ahead of last year, cross selling continues, key licenses (Frozen 2 and Toy Story 4) secured, production capacity being expanded.
Seems positive but looks about fairly valued here to me.
Loungers ( £LGRS ) – 206p – £190m – PER 21
Results For The 12 Months To End 21st April 2019 – Revenue up 26.4% (LFL 6.9%), Operating Profit up 23.3%. Trading this year has started in-line as “we continue to outperform the wider hospitality market”.
First coverage here for me and looks OK for a recent IPO currently trading below it’s issue price – I personally will wait to see next years numbers before taking any stronger view here.
As always, all comment most welcome!
