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…
