Morning all!

A few tricky ones (for me) this morning!

PPHE Hotel ( PPHE Hotel (LON:PPH) ) – 1150p – £486.7m – PER 14.9

Audited Results For The 12 Months To End December 2017 – Revenue up 19.3% to £325.1m (2016: £272.5m), normalised PBT up by 1.1% to £32.1m  (2016: £31.7m), normalised EPS down 14.4% to £0.58 (2016: £0.68), total Dividend up 14.3% for the year.

There’s perhaps more upside here but for previous reasons I am not going to get involved – E.g. sector disruption and Net Debt.

Science ( Science (LON:SAG) ) – 216.9p – £85.4m – PER 15.2

Audited Results For The 12 Months To End December 2017 – Seems in-line, not exactly inspiring.

A new one for me. Looks OK but seems (perhaps) fairly priced round about here – Although the company is seeking the right to buy back up to 10% of the shares. Will keep an eye out on future updates.

Tarsus ( Tarsus (LON:TRS) ) – 308p – £348.4m – PER 17.8

Final Results For The 12 Months To End December 2017 – LFL Revenue up 7% but the rest is just too complicated for me.

This is going on my Avoid list. The seesaw results and fundamentals always confuse me (I think it’s related to bi-annual events). There’s simpler to understand companies than this out there and I prefer those.

Avingtrans ( Avingtrans (LON:AVG) ) – 226p – £69.4m – PER 39.2

Interim Results For The 6 Months To End November 2017 – Revenue up from £9.6m to £26.9m, Adjusted Loss Before Tax -£0.1m (-£0.2m last time), Adjusted Diluted EPS 0.4p (2017 H1: loss 0.4p), Net Debt of £8.2m (31 May 2017: Net Cash £26.4m) and the Interim Dividend is up by 8.3% to 1.3p (2017 H1: 1.2p).

I just have no idea how this is going to turn out and at this price I am not going to get involved.

Safestyle UK ( Safestyle UK (LON:SFE) ) – 152p – £125.8m – PER 10.0

Trading Update – The woes continue – “Order intake in…

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