I Read The News Today Oh Boy! 4-Jun-2019

Tuesday, Jun 04 2019 by
12

Morning all!

Discoverie ( Discoverie (LON:DSCV) ) – 420p – £339m – PER 14.6

Results For The 12 Months To End March 2019 – Revenue (CC) up 14% (to £438.9m), Underlying PBT up 24% (to £27.2m) and EPS up 22% (to 27.2p). the FY Dividend is up 6% (to 9.55p) – Progressive Dividend policy to continue. There's a record year end Order Book of £139m (up 15%), looking at further acquisitions.

Looks about fairly priced (at best) here on a 2 Year view.

Driver ( Driver (LON:DRV) ) – 61p – £32m – PER 10.9

Interim Report For The 6 Months To End March 2019 – Revenue down 6%, Underlying PBT down from £2.1m to £0.8m, says well placed to record good progress for the remainder of the year.

I still hold here after being hit with a mild profit warning recently – Am close to the Sell button so will be watching the market reaction here this morning.

Gooch & Housego ( Gooch & Housego (LON:GHH) ) – 1350p – £337m – PER 21.7

Interim Results For The 6 Months To End March 2019 – Revenue up 7.4% (£59.7m) with Adjusted PBT down 22.8% and Adjusted EPS down 23.7%, gone from £5m Cash to £14.5m Net Debt. FY PBT reduced by £4m or so (looks like a 20% or so haircut) – Industrial Laser outlook largely blamed.

These results mean I will not be investing any time soon.

Hargreaves Services ( Hargreaves Services (LON:HSP) ) – 225p – £72m – PER 12.1

Trading Update For The 12 Months To End May 2019 – Expecting Revenue and Operating Profit growth in the perios with the latter to be in-line with market expectations. Net Debt down from £30.8m to £17.9m.

Good to see the Net Debt down but there's just not enough else to get me interested at present.

Haynes Publishing ( Haynes Publishing (LON:HYNS) ) – 197p – £30m – PER 10.9

Trading Update For The 12 Months To End May 2019 – Strong trading, expects FY…

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discoverIE Group PLC, formerly ACAL PLC, designs, manufactures and supplies components for electronic applications. The Company operates through two divisions: Custom Supply and Design & Manufacturing. The Custom Supply division provides technically demanding customized electronic, photonic and medical products to the industrial, medical and healthcare markets, both from a range of international suppliers and from the Company's Design & Manufacturing division. The Design & Manufacturing division manufactures custom electronic products that are designed or modified from a standard product for a specific customer requirement. The products are manufactured at the Company's in-house manufacturing facilities or by third party contractors. Its technology areas include communications & sensors, power & magnetics, electromechanical & cabling, microsystems, and imaging & photonics. more »

LSE Price
429p
Change
0.7%
Mkt Cap (£m)
343.6
P/E (fwd)
14.5
Yield (fwd)
2.4

Driver Group Plc (Driver) is a United Kingdom-based company, which provides consultancy services to the engineering and construction industries. The Company conducts its operations through three operating divisions: Europe & Americas (EuAm); APAC, Middle East & Africa (AMEA), and Initiate. The EuAm and AMEA divisions provide various services, such as quantity surveying, litigation support, contract administration, and commercial advice/management. The Initiate division offers development, project and contracting management services to the infrastructure market in the United Kingdom. DIALES is its witness support service provider. Driver Project Management provides the strategic and leadership disciplines necessary to develop and deliver a project. Driver Project Services provides customer-focused project controls solutions across a project lifecycle. Driver Trett provides multi-disciplinary consultancy services to support delivery of its clients' projects. more »

LSE Price
60.5p
Change
 
Mkt Cap (£m)
31.9
P/E (fwd)
11.1
Yield (fwd)
2.1

Gooch & Housego PLC is a photonics technology company, which manufactures optical components and systems. It provides photonics solutions for industrial, aerospace and defense, life sciences and scientific research applications. It operates through four market sectors: Aerospace & Defense, Life Sciences, Industrial and Scientific Research. Aerospace & Defense includes target designation and range finding; guidance and navigation; countermeasures; Space Photonics, and surveillance, displays and secure communications. Industrial comprises the industrial laser market for use in the semiconductor and microelectronic industries, and also includes other industrial applications, such as metrology and telecommunications. Scientific research covers academic and government-funded research, including multi-national projects. The Life sciences business includes optical coherence tomography, laser surgery, microscopy and development and manufacturing of medical and diagnostic devices. more »

LSE Price
1180p
Change
0.9%
Mkt Cap (£m)
292
P/E (fwd)
21.8
Yield (fwd)
1.0



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


3 Posts on this Thread show/hide all

andrea34l 4th Jun 1 of 3

Just a quick comment for now - your post is pasted in twice.

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matylda 4th Jun 2 of 3

In reply to post #480376

Corrected - Thanks.

Blog: Briefed Up
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andrea34l 4th Jun 3 of 3
1

The Haynes Publishing (LON:HYNS) ahead expectations update is obviously a positive... but looking at the Stocko page the metrics generally look a bit mediocre.

I remain put off VP (LON:VP.) by the CMA anti competition investigation that is directly alleged at the company (and others). Also, if you read the detail in it UK divisional update trading is really rather mixed. I prefer Speedy Hire (LON:SDY) in this sector. 

I hold Draper Esprit (LON:GROW) and am pleased enough with the results today. For me, the important metric is NAV which is up 26% to 524p - thus at 482p the company trades on a discount. Gross portfolio is quoted at 594m +144%; cash and other resources are available for further investment. 

I hope you have sold Driver (LON:DRV) with the price falling off a cliff; this company be looked poor for a while I think. 

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