Morning all!
Haynes Publishing ( Haynes Publishing (LON:HYNS) ) – 218p – £32.9m – PER 13.3
Interim Results For The 6 Months To End May 2018 – Revenue is up 13%, PBT is up 33% and Basic EPS is up 9%. Worthy of note is on-line sales are up 42% and they are now 50% of Revenue (versus 40% last time).
Looks OK but not still not enough to change my stance from Neutral at present. Keen to see how the on-line side has progressed in the next update.
Anpario ( Anpario (LON:ANP) ) – 469p – £108.6m – PER 24.8
Interim Results For The 6 Months To End June 2018 – Revenue flat, PBT up 19% with EPS up 14%, there’s Cash of £12.6m and the Interim Dividend is up 10%.
On a PER circa 25 or so this just seems about fairly priced – I remain Neutral.
Everyman Media ( Everyman Media (LON:EMAN) ) – 218p – £153.1m – PER 30.2
Interim Results For The 6 Months To 5th July 2018 – Revenue up 32% to £24.9m (H1 2017: £18.8m), Adjusted EBITDA up 35% to £4.1m (H1 2016: £3.0m), 1 new venue (now 22 venues operating 69 screens) with 12 new venues committed. Trading since the period end has continued in-line.
Looks OK and tempted as I am here - I remain Neutral for now. Still wary of more and more watching content on-line rather than going out.
Somero Enterprises Inc ( Somero Enterprises Inc (LON:SOM) ) – 385p – £216.7m – PER 12.6
Interim Results For The 6 Months To End June 2018 – In-line. Revenue up 6%, PBT up 13%, Cash up 13% and the Interim Dividend is up 100%.
I hold here and will continue to do so, on a PER of 12.6 this still looks good value.
Xaar ( Xaar (LON:XAR) ) – 184p – £143.9m – PER 23.7
Interim Results For The 6 Months To End June 2018 – Doesn’t look good, especially the Dividend cut.
Remains on my Avoid list and I will now…
