Morning all!

Inland Homes ( Inland Homes (LON:INL) ) – 62.5p – £125.8m – PER 7.86

Interim Results For The 6 Months To End December 2017 – NAV up 13.6% and PBT up about 10% to £5.37m, the Final Dividend is up 30% (0.65p). The current order book is £38.9m (£31.8m last time). Outlook “in a strong position”.

Still like this and it probably represents decent value here. Just can’t persuade myself to ignore the huge Debt here (well over 50% of the current Market Cap).

North Midland Construction ( North Midland Construction (LON:NMD) ) – 290p – £29.4m – PER 9.37

Final Results For The 12 Months To End December 2017 – Revenue £291.77m (up 16.5%), Underlying PBT £8.30m (up 40.4%), Secured workload circa £299m (£225m last time), about 90% of 2018 budgeted revenue, Total Dividend 6.0p (4.5p last time). Cash £17.01m (£11.41m last time). Outlook is positive.

Still like this company but there is still some legal dispute outstanding and I have no idea what the impact will be (could take 12 months to resolve). With that unknown I have to remain on the side-lines for now.

DFS Furniture ( DFS Furniture (LON:DFS) ) – 170p – £359.8m – PER 8.75

Results For The 26 Weeks To 27 January 2018 – In-line, Interim Dividend maintained - Market continues to be challenging.

That Dividend (surprised it’s been maintained to be honest) at 6%+ is attractive but I still can’t get myself interested here.

AD Dynamics ( Ab Dynamics (LON:ABDP) ) – 878p – £170.2m – PER 22.6

Trading Update For The 6 Months To End February 2018 – Expected to be significantly ahead and in-line with management expectations.

Encouraging update and it’s already on my Watchlist- If I don’t open a position here this morning I will leave it on my Watchlist at 850p.

Tracsis ( Tracsis (LON:TRCS) ) – 510p – £144.0m – PER 20.8

Interim Results For The 6 Months To End January 2018 – Revenue up 16% to £18.1m (2017: £15.6m), Statutory PBT up 33% to £2.4m…

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