I Read The News Today Oh Boy! 4-Oct-2018

Thursday, Oct 04 2018 by
10

Morning all!

DFS Furniture ( DFS Furniture (LON:DFS) ) – 210p – £444.5m – PER 11.4

Preliminary Results For The 52 Weeks To 28th July 2018 – It’s just all a bit messy, the hot weather in Q4 taking the brunt of the blame. At least the Total Dividend is the same as last year.

I remain on the side-lines here, not attracted at all at present.

Morses Club ( Morses Club (LON:MCL) ) – 141.5p – £183.2m – PER 9.83

Interim Results For The 26 Weekes To 25th August 2018 – Switch to IFRS so a little tricky here – LFL Revenue up 11.9%, Adjusted PBT up 20.6%, Adjusted EPS up 20% or so with the Interim Dividend up 18.2%. Trading in-line, confident for FY.

Still quite like this but still can’t help but feel even more regulation might be thrown in this direction. Although this if/maybe/possibly is close to being outweighed by the growth here and the yield. Still Neutral, just.

Gooch & Housego ( Gooch & Housego (LON:GHH) ) – 1857p – £462.7m – PER 28.8

Trading Update For The 12 Months To End September 2018 – In-line, Order book up 17% on last year

Still quite like the look of this but may perhaps be fairly priced here now, I remain Neutral.

Elegant Hotels ( Elegant Hotels (LON:EHG) ) – 65.6p – £58.3m – PER 7.5

Trading Update For The 12 Months To End September 2018 – Not exactly upbeat and perhaps a mild profit warning (mention of no material impact (of tax changes), so some, perhaps).

I remain Neutral here.

AB Dynamics ( Ab Dynamics (LON:ABDP) ) – 1282p – £250.6m – PER 30.5

Trading Update For The 12 Months To End August 2018 – Expects Revenue and PBT to significantly exceed market expectations.

Has doubled since it’s been on my Watchlist, it may well be time to pay up! If not, it will probably remain on my Watchlist as I watch it double again.

Redcentric ( Redcentric

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DFS Furniture plc is an upholstery retailer in the United Kingdom. The Company is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The Company's segment is engaged in the retailing of upholstered furniture and related products. Its other segments comprise the manufacture and distribution of upholstered furniture. The Company offers approximately 10 unit types per range, and a range of materials with approximately 50 colors available. Its branded upholstery ranges include Capsule Collection and Grand Tour. The Company operates approximately 100 retail stores in the United Kingdom, the Republic of Ireland and the Netherlands, an online channel, and approximately three upholstery factories in the United Kingdom. The Company's subsidiaries include Diamond Holdco 2 Limited, Diamond Holdco 7 Limited, DFS Furniture Holdings plc, DFS Furniture Company Limited and Coin Retail Limited (Jersey). more »

LSE Price
251p
Change
-0.8%
Mkt Cap (£m)
536.8
P/E (fwd)
12.1
Yield (fwd)
4.5

Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis. It provides a range of loan products through a combination of traditional and online marketing channels. The Company's main country of operation is the United Kingdom. more »

LSE Price
150p
Change
-3.2%
Mkt Cap (£m)
201.2
P/E (fwd)
10.6
Yield (fwd)
5.7

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
1090p
Change
-0.9%
Mkt Cap (£m)
274.6
P/E (fwd)
20.7
Yield (fwd)
1.1



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


1 Post on this Thread show/hide all

MrContrarian 4th Oct '18 1 of 1
6

My morning smallcap tweet: Swinging BOOM hits passengers again. What a voyage.

DFS Furniture (LON:DFS), Audioboom (LON:BOOM), Clear Leisure (LON:CLP), Premaitha Health (LON:NIPT), Crawshaw (LON:CRAW), Ab Dynamics (LON:ABDP)

DFS Furniture (DFS) FY rev up 14%, organic rev down 2%. Pretax down 49%. Underlying EPS down 25% to 14p. FY div unchanged at 11.2p. Recent trading: LFL order growth across all brands. "We believe however, we are benefiting from deferred purchases in the prior financial year and overall we expect the market to remain subdued into 2019." I'm short.
Audioboom Group (BOOM) Guides FY rev below current market expectations, material impact on EBITDA.
Clear Leisure (CLP) loses appeal. You can say that again. Court throws out attempt to reverss Mediapolis’ land auction and the decision of the auctioneer to reject the Company’s request of assignment.
Premaitha Health (NIPT) collaboration agreement to provide genetic testing based on next generation sequencing for oncology. The initial phase is worth $1m over the next 6-12 months.
Crawshaw Group (CRAW) Nomad Peel Hunt resigns, 1 month notice. That's a bad sign. Appoints WH Ireland as Joint Broker (but not nomad).
AB Dynamics (ABDP) guides rev and pretax significantly exceeding market expectations.

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