Morning all!
A bit of a mad one (hence the delay) with 13 stocks covered.
ITE ( ITE (LON:ITE) ) – 61.1p – £468.7m – PER 12.9
Preliminary Results For The 12 Months To End September 2018 – Revenue up 11% to £175.7m, Statutory Loss of -£3.7m (was –£3.2m last time) with Diluted EPS at -1.6p (-1.9p last time).
There’s nothing here to move my stance from Neutral at present.
Discoverie ( Discoverie (LON:DSCV) ) – 346p – £249.4m – PER 12.4
Interim Results For The 6 Months To End September 2018 – Revenue up 11% with Reporting PBT down -7% and Reporting Fully Diluted EPS down -3% - The Interim Dividend is up 6%.
I said previously that there is enough to like here but just not enough to get my conviction at present.
Park ( Park (LON:PARK) ) – 78p – £144.3m – PER 12.7
Interim Results For The 6 Months To End September 2018 – In-line.
I still can’t get excited about a gift voucher / prepaid gift card company that’s growing at <10% per annum.
Vianet ( Vianet (LON:VNET) ) – 103.5p – £27.2m – PER 9.84
Interim Results For The 6 Months To End September 2018 – Revenue up 14.43% (88% recurring), PBT up 10.46%, Basic EPS up 36.16% and on the down-side, the Interim Dividend is unchanged and Net Debt is £1m versus Net Cash of £2.72m last time.
I still reckon this is fairly priced around this level so I remain on the side-lines for now.
WYG ( WYG (LON:WYG) ) – 44p – £32.2m – PER 8.47
Interim Results For The Months To End September 2018 – A tough 6 months but results (they look awful) are in-line with market expectations. Expecting seasonally stronger H2.
I still can’t get excited here at present – Will wait and see how that H2 plays out.
DX Group ( DX (Group) (LON:DX.) ) – 8.38p – £46.9m – PER 34.4
AGM Statement – First 4 months in-line with management expectations.…
