Morning all!
AFH Financial ( AFH Financial (OFEX:AFHP) ) – 311p – £133m – PER 9.3
Results For The 6 Months To End April 2019 – Revenue up 61%, PBT up 80%, EPS up 49%, FUM up 68% - Strong outlook and re-confirms 3-5 year targets, FUM of £10bn, Revenue of £140m and EBITDA margin of 25%.
I remain Long here and have no idea why this is still on a single digit PER, perhaps I have missed something!
Altitude ( Altitude (LON:ALT) ) – 116p – £80m – PER 15.7
Results For The 12 Months To End December 2018 – Revenue up from £6.1m to £6.6m, LBT of -£2.8m (Profit of £0.1m last time), Net Cash at £3.8m.
Results 5 months after year end is a little strange, loss making, no clear outlook given – I will be staying away here for now.
DX Group ( DX (Group) (LON:DX.) ) – 16p – £92m – PER 26.2
Trading Update – Comfortably on track to deliver FY market expectations.
From the forecasts I can see this means a loss so I will wait until I see the actuals here.
Renold ( Renold (LON:RNO) ) – 29p – £65m – PER 5.6
Results For The 12 Months To End March 2019 – Revenue up about 5% (£202.4m), Statutory Operating Profit up almost 200%, EPS up about 10% with Net Debt at £30m.
I still see attractions here but that Net Debt (amost 50% of current Market Cap) keeps me away.
As always, all comment most welcome!
