Morning all!
Alpha FX ( £AFX ) – 735p – £273m – PER 34.3
Interim Results For The 6 Months To End June 2019 – Revenue up 60%, Underlying Operating Profit up 70%, Margin of 43% with EPS up from 9.2p to 12.8p, the Interim Dividend is up 16%. Comfortable with FY expectations.
Still looks overvalued to me although these interims seem impressive. Based on the latest Broker note this morning, in my opinion, looks overvalued on a 1 Year view and about fairly valued on a 2 Year view.
Cambria Automobiles ( £CAMB ) – 53p – £53m – PER 5.8
Trading Update For The 11 Months To End July 2019 – FY to be ahead of current market expectations.
Nice to see but I am still a little too cautious on the sector to consider buying in here just yet.
Inspired Energy ( £INSE ) – 15p – £108m – PER 8
Interim Results For The 6 Months To End June 2019 – Revenue up 33%, Adjusted PBT up 55%, Adjusted Diluted EPS up 3%, Net Debt up 26% to £25.09m (£19.88m) and the Interim Dividend is up 16%. Well placed to deliver record results.
Still looks interesting enough apart from that Net Debt – Will keep an eye out for updated Broker notes.
Somero ( £SOM ) – 280p – £158m – PER 9.6
Interim Results For The 6 Months To End June 2019 – Broadly in-line.
Still not yet tempted in here, would at least like to see those FY actuals. Latest Broker note this morning indicates negative EPS growth (-11%) forecast for next year and a an increase (5%) for the year after – So not a new EPS high.
As always, all comment most welcome!
