I Read The News Today Oh Boy! 28-Jun-2019

Friday, Jun 28 2019 by
21

Morning all!

Costain ( Costain (LON:COST) ) – 307p – £331m – PER 7.5

Trading Update For The 6 Months To End June 2019 – H1 in-line, warns H2 will be lower than expectations, FY Operating Profit to be in the range £38m - £42m.

I am not sure how much of a miss this is but I have PBT down for £54.4m, perhaps a miss of 30%+ it seems!  This looked reasonable value previously but if this guesstimate is accurate that view wll now change.

Water Intelligence ( Water Intelligence (LON:WATR) ) – 352p – £60m – PER 26.9

AGM Statement – Things seem to be in-line.

Still seems overvalued here to me.

As always, all comment most welcome! 

NOTE: On holiday for the next 2 weeks so, most likely, no morning reports until Monday 15th July!

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Costain Group PLC is a technology-based engineering solutions provider. The Company offers consulting, project delivery, and operations and maintenance services. The Company operates through two segments: Natural Resources and Infrastructure plus Alcaidesa in Spain. The Infrastructure segment operates in the highways, rail and nuclear markets. The Natural Resources segment includes the Company's activities in water, power, and oil & gas markets. The Company offers a range of services, including advisory and concept development, specialist design, program management, project delivery, technology integration, and asset optimization and support. The Company offers services across whole life cycle of its customers assets in energy, water and transportation business areas focused on the United Kingdom market. more »

LSE Price
151.2p
Change
-3.1%
Mkt Cap (£m)
163.2
P/E (fwd)
5.1
Yield (fwd)
7.7

Water Intelligence plc, formerly Qonnectis plc, provides leak detection and remediation services. The Company offers a range of solutions (including products) for residential, commercial and municipal customers. The Company's segments include Royalties from franchisees, Corporate-operated Stores and Other activities, including product and equipment sales. Its geographical segments include US and International. The Company mainly operates in the United States, with operations in the United Kingdom and certain other countries. The Company's subsidiaries include Qonnectis Group Limited (holding company of ALD International Limited), ALD International Limited, American Leak Detection Holding Corp. (holding company of ALD Inc.) and American Leak Detection, Inc. (ALD). ALD International Limited and ALD provides leak detection product and services. more »

LSE Price
319p
Change
 
Mkt Cap (£m)
54.0
P/E (fwd)
23.1
Yield (fwd)
n/a



  Is LON:COST fundamentally strong or weak? Find out More »


6 Posts on this Thread show/hide all

fwyburd 28th Jun 1 of 6
12

Have a great holiday matylda and thank you for your daily summaries. you will be missed for the next couple of weeks
cheers
Francis

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MrContrarian 28th Jun 2 of 6
4

My morning smallcap tweet: FCCN Sale extended!

EQTEC (LON:EQT), Versarien (LON:VRS), Dods (LON:DODS), IDE Group (LON:IDE), Wilmington (LON:WIL), Deepmatter (LON:DMTR), French Connection (LON:FCCN), CVS (LON:CVSG)

EQTEC (EQT) placing (with warrants) at 0.33p, a 3% discount, to cut debt.
Versarien (VRS) sells initial 12Kg of graphene to US O&G drilling co. Holders will be very excited at an actual sale of product.
Dods Group (DODS) 'transformative' acquisition for £22.4m. Placing and open offer at 6.5p, a a 24% discount.
IDE Group (IDE) terrible and tardy FY18 results as expected. current trading is adj EBITDA positive.
Wilmington (WIL) a flat Q4 means FY only broadly in line with expectations guided at start of FY. Rev growth towards lower end of previously anticipated low single digit range.
DeepMatter Group (DMTR) FD resigns immediate effect, replaced today. He is thanked.
French Connection (FCCN) Stephen Marks does like talking. Still in offer talks with a number of parties. Offer period extended to Sept, 11 months after For Sale sign went up! I hold.
CVS Group (CVSG) guides FY rev in line, adj EBITDA comfortably above current consensus market expectations.

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andrea34l 28th Jun 3 of 6
5

Have a fab holiday, Matylda; thanks for your invaluable posts this week!

Have a good weekend everyone else.

Andrea

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matylda 28th Jun 4 of 6

Thanks guys for your comment and wishes as always, they're appreciated.

Blog: Briefed Up
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sharmvr 28th Jun 5 of 6

Have a great holiday Matylda - I really appreciate that you put this together everyday.
My appreciation and lack of thumbs up/comments are correlated!

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rhomboid1 29th Jun 6 of 6

Enjoy your holiday ...obviously companies will avoid profit warnings whilst you’re away ..so that’s a bonus

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 Are LON:COST's fundamentals sound as an investment? Find out More »





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