Morning All!
A little late here, 12 reports and a couple of holdings I wanted to keep an eye on at the open. Apologies now for errors, etc. - Was really quite a mad morning!
Note: I also missed off the GMD news which seems to be a move for the better.
Sanderson ( Sanderson (LON:SND) ) – 73p – £40.2m – PER 12
Final Results For The 12 Months To End September 2017 – I looked at these numbers a couple of times (in my limited morning period) and can just take away what these results seem – Just OK.
I’m Neutral here and why does the Chief Exec insist on stating “Whilst the Group has not yet detected any major loss of confidence from either existing or prospective customers, the Board and senior management continue to carefully monitor market conditions, customer confidence, as well as the development of sales prospects and the progression of these sales prospects into customers”?
Gordon Dadds ( Gordon Dadds (LON:GOR) ) – 141.5p – £40.5m – PER 18.3
Interim Results For The 6 Months To End September 2017 – Revenue up by 14.5% to £12.89m (H1 2016 £11.26m), Adjusted PBT up by 103% to £0.58m (H1 2016 £0.28m) and Adjusted EPS of 2.26p (H1 2016 2.24p). There’s Net Cash of £12.53m. Outlook is in-line.
Remaining Neutral here for now but will keep an eye on updates here.
D4t4 Solutions ( £D4T4 ) – 156p – £59.7m – PER 14.1
Interim Results For The 6 Months To End September 2017 – Opens with “As experienced in some previous years a higher proportion of our business is expected to close and be delivered in H2 2017. Despite a lower first half due primarily to a change in the timing of contract awards by comparison to the same period last year, the Board remains confident of achieving management expectations for the full year based on recent business wins and the depth and quality of the prospects pipeline”.
The Board remain confident the full year results will be in-line – I will be watching from the side-lines.
ULS Technology ( ULS Technology (LON:ULS) ) – 152.88p –…
