Morning all!
Alumasc ( Alumasc (LON:ALU) ) – 109p – £39m – PER 6
Interim Results For The 6 Months To End December 2018 – Revenue up 4%, Underlying PBT down from £3.5m to £2.5m, Order Book up 17% YoY, Basic EPS up from 6.9p to 8.4p, Interim Dividend unchanged. Net Debt is down from £4.8m to £0.3m. Expects a better H2.
Looks like value to be had here if forecasts are met, I am just not convinced they will be.
Angle ( Angle (LON:AGL) ) – 3.5p – £90.4m – PER n/a
Interim Results For The 6 Months To End October 2018 – Still not making a Profit.
I will cease coverage here until I see signs of a Profit, at least a forecast one.
Avon Rubber ( Avon Rubber (LON:AVON) ) – 1265p – £392m – PER 16.4
Trading Update – Despite a few problems still expecting to meet FY expectations.
I see no attraction here at a price above 1000p.
Discoverie Group ( Discoverie (LON:DSCV) ) – 400p – £293m – PER 14.2
Q3 Trading Update – Continued strongly and expects FT to be in-line with their expectations.
There's just not enough here to get me interested in being a Buyer at present.
Epwin ( Epwin (LON:EPWN) ) – 76p – £109m – PER 7.1
Trading Update For The 12 Months To End December 2018 – "Revenue and underlying operating profit, before non-underlying items, exceptional items and discontinued operations, is anticipated to be within the range of market expectations, with leverage at less than 1x underlying EBITDA". Not a particularly optimisitic outlook either.
Still has a high StockRank of 98 but I remain unconvinced here.
Flowtech Fluidpower ( Flowtech Fluidpower (LON:FLO) ) – 121p – £74m – PER 7.4
Trading Update For The 12 Months To End December 2018 – Revenue up 42% (organic 6%), Net Debt £19.9m (up from £14.9m). Expecting Underlying PBT of £10.6m - £10.8m. Dividend to be up 5% and expects a solid start to 2019.…
