Morning All!

NWF ( NWF (LON:NWF) ) – 165p – £80.3m – PER 11.2

Results For The 6 Months To End November 2017 – Revenue up 15.6% to £295.8m, PBT and EPS up circa 10%, no increase in the Interim Dividend and Debt down to £16.3m (from £19.1m). Statutory PBT and EPS up 45% or so. Pension deficit down is £19.1m (to cost £1.8m a year from 2018) This is an in-line update and the outlook is in-line.

This looks OK. Don't like the Net Debt (about 20% of Mkt Cap) and that Pension deficit is costly, probably fairly priced here.

Sprue Aegis ( Sprue Aegis (LON:SPRP) ) – 207p – £95.0m – PER 17.3

Trading Update For The 12 Months To End December 2017 – In-line and expecting 2018 to be a transformational year.

Seems like it’s turned a corner but for now I will not be getting involved.

YouGov ( YouGov (LON:YOU) ) – 331.5p – £349.1m – PER 25.8

Trading Update For The 6 Months To End January 2018 – Expected to be ahead of previous expectations and confident of achieving full year targets.

I keep avoiding this one and although this sounds good and the forecasts look good – I still can’t bring myself to be more interested. I think my bias has mainly been affected by the accounting warnings by many respected contributors on Stockopedia. It’s just something I cannot ignore. I also note the CFO was changed in December 2017 too.

Cambian ( Cambian (LON:CMBN) ) – 193.8p – £357.0m – PER 30.9

Trading Update For The 12 Months To End December 2017 – In-line with Net Cash of £82m (ahead of managements expectations). £15m Special Dvidiend (8.2p per share), ex-date 8 February 2018. This follows a £50m Special Dividend last year. January 2018 trading is in-line.

Apart from the Special Dividends I can’t find anything else to interest me here at present.

A great day all!

Finish reading with a 14 day trial

or Unlock with your email

Already have an account?
Login here