Morning all!
Concurrent Technologies ( Concurrent Technologies (LON:CNC) ) – 82.5p – £61.8m – PER 12.0
Results For The 12 Months To End December 2017 – Looks slightly below expectations (doing a quick compare with forecasts on Stocko) and reflects, to me, a company standing still.
There’s a few things to like here, e.g. the ROCE, Operating Margin, Net Cash, well covered modest yield. However, it just strikes me as a company with little or no ambition - Enough for me to remain Neutral for now.
Next Fifteen Communication ( Next Fifteen Communications (LON:NFC) ) – 450p – £338.5m – PER 14.2
Results For The 12 Months To End January 2018 – Revenue up 15%, Adjusted PBT up 21% to £29.3m, Adjusted Diluted EPS up 19% to 27.8p, Dividend up 20% to 6.3p. A good start has been made this year.
I still quite like this but just can’t get past feeling it’s probably fairly priced here (perhaps a little undervalued).
Topps Tiles ( Topps Tiles (LON:TPT) ) – 80.5p – £151.0m – PER 11.0
Trading Update For The 6 Months To End March 2018 – LFL Revenue up 0.6%. Market remains challenging and CEO is cautious regarding the rest of the year.
Still seems kind of in-line here and the well covered yield, circa 4.5%, is attractive. But, it may become a lot more attractive at a lower price than today, I’m on the side-lines for now.
ITE ( ITE (LON:ITE) ) – 157.4p – £424.5m – PER 17.1
Trading Update For The 6 Months To End March 2018 – In-line and confident in FY expectations.
There’s still not enough here to get me interested any further at present.
As always, all comment most welcome – Have a great day!
