Morning all!

Accrol Group ( £ACRL ) – 25p – £49m – PER 7.3

Results For The 12 Months To End April 2019 – Seems more positive with results as expected and on track to meet FY 2020 market expectations.

Still, for me, as suggested by Stockopedia, “Highly Speculative” but perhaps less so today than yesterday – Huge Net Debt!

Craneware ( £CRW ) – 1825p – £490m – PER 33

Results For The 12 Months To End June 2019 – Revenue up 6%, PBT down slightly, EPS up slightly, Cash at $47.6m ($52.8m, $8.5m returned as Dividend). Strong start to the year with a strong sales pipeline.

Even 50% off it’s 52 Week High I still don’t see value – I still reckon I am missing something here, perhaps!

Mattioli Woods ( £MTW ) – 747p – £200m – PER 17

Results For The 12 Months To End May 2019 – Revenue down slightly to £58.5m (although 90.2% are recurring), Adjusted PBT up 8.8% to £12.3m with EPS up 8.4% to 37.3p and the Total Dividend is up 17.6% to 20p. Net Cash stands at £23.2m (£20.2m).

On a quick check this looks like a slight miss to me, will keep an eye out for revised Broker notes.

Michelmersh Brick Holdings ( £MBH ) – 87p – £81m – PER 11

Interim Results For The 6 Months To End June 2019 – Revenue up 17.4%, Underlying PBT up 18.3% and EPS up 8.3%, the Interim Dividend is up 8.5%. FY to be ahead of expectations.

Quite encouraging but just a little too much uncertainty around the sector (even though it states stock levels are historically low) at present.

Severfield ( £SFR ) – 62p – £188m – PER 8.5

Trading Update – Outlook unchanged.

Still quite like this and probably some value here considering the Net Cash and 5% or so Yield, just not enough for me at present.

Solid State ( £SOLI ) – 430p – £36m – PER 12

Trading Update – FY Profits to be significantly ahead of expectations with Revenue in-line with expectations.

Looks good but perhaps fairly valued at this level, will keep an eye out for revised Broker notes though.

STV ( £STVG ) – 355p – £139m – PER 7

Interim Results For The 6 Months To End June 2019 – Revenue down -4.9%,…

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