I Read The News Today Oh Boy! 31-Jul-2019

Wednesday, Jul 31 2019 by

Morning all!

Dignity ( £DTY ) – 614p – £307m – PER 9

Interim Results For The 6 Months To End June 2019 – Revenue down -11% with Underlying PBT down -45% and EPS down -46%, deaths are down just -7%! Warns FY guidance is based on more deaths.

I still see no reason to go “bottom picking” here.

Elektron Technology ( £EKT ) – 49p – £91m – PER 15

Bulgin Sale – Sells Bulgin for circa £94m (to be returned to shareholders) and will rename as Checkit.

I am Long here and am just a little concerned on the remaining business in that it will be loss making. Based on the last results Bulgin contributed Revenue of £30.1m with Operating Profit of £9.0m, Group Revenue was £33.7m with Operating Profit of £4.6m. Let’s see what happens!

Nasstar ( £NASA ) – 12p – £68m – PER 23

Trading Update For The 6 Months To End June 2019 – In-line with FY expected to also be in-line.

Don’t see much value here based on forecasts and feel it’s prudent to at least wait and see the Actuals. Based on the latest Broker note this morning, in my opinion, this looks way overvalued on a 1 Year and 2 Year view.

StatPro ( £SOG ) – 142p – £94m – PER 16

Interim Results For The 6 Months To End June 2019 – Revenue up 3.2% (recurring 98%), Loss of -£0.26m against a Profit of £0.81m last time, the Interim Dividend is unchanged at 0.85p. FY to be in-line.

If forecasts are met seems about fairly valued here. Based on the latest Broker note this morning, in my opinion, this looks way overvalued on a 1 Year view and undervalued on a 2 Year view - Net Debt is quite high, ROCE & Op Margin both low, a 10% upgrade to 2020E EPS would make it more interesting.

As always, all comment most welcome!

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Elektron Technology plc is a holding company. The Company is engaged in designing, manufacturing and marketing products that connect, monitor and control. It operates in two segments: Connectivity, and Instrumentation, Monitoring and Control (IMC). Connectivity comprises two complementary product families: Bulgin and Arcolectric. The Company's products are helping its customers to quantify real-world environments, process this data and act on the results. Its products include sealed connectors, Switches, indicators, battery, fuseholders, ophthalmic instruments, nanopositioning and sensing equipment, and vehicle power management systems. The Company's Checkit offers a wireless solution providing work management software and automated monitoring. Its subsidiaries include Elektron Technology Corporation, Elektron Technology PTE Ltd, Elektron Technology UK Ltd and Elektron Technology (Shanghai) Trading Limited. more »

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Dignity plc is a United Kingdom-based provider of funeral related services in the United Kingdom. The Company operates through three segments: funeral services, crematoria and pre-arranged funeral plans. The Company's funeral services relate to the provision of funerals and ancillary items, such as memorials and floral tributes. The Company's crematoria services relate to cremation services and the sale of memorials and burial plots at the Company operated crematoria and cemeteries. The Company's pre-arranged funeral plans include the sale of funerals in advance to customers wishing to make their own funeral arrangements, and the marketing and administration costs associated with the sales. The Company operates a network of approximately 720 funeral locations throughout the United Kingdom trading under established local trading names. The Company operates approximately 40 crematoria in England and Scotland. The Company's number of active funeral plans is approximately 374,000. more »

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Nasstar plc is a United Kingdom-based company, which is engaged in the provision of hosted managed services and cloud computing services. The Company integrates private and public clouds by supplying the hosted information technology services to its business customers. The Company's segments are e-know.net, Nasstar UK, Kamanchi, and VESK Virtual Desktop LLP, Appiam Limited and VESK Limited (VESK). The Company is an information technology outsourcer and Hosted Desktop provider. The Company provides a cloud managed service package, offering Hosted Desktop, Office 365, Hosted Exchange, Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Hosted Telephony services. Additionally, the Company hosts a range of software applications on behalf of its clients. Further, the Company provides managed networks and an end user support service. The Company operates principally in the United Kingdom with some overseas contracts. more »

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  Is LON:EKT fundamentally strong or weak? Find out More »

1 Post on this Thread show/hide all

andrea34l 31st Jul 1 of 1

I sold out with Elektron Technology (LON:EKT) for a 22% gain on a larger one of my holdings; I'm okay with that. I too share your concern, Bulgin is by far the profitable growth arm of the company

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