Morning all!
Altitude ( £ALT ) – 92p – £63m – PER 12.7
Trading Update For The 6 Months To End June 2019 – Quite a lot of waffle here, things not as rosy as forecast.
I am Long here and will monitor the market reaction to this.
Alumasc ( £ALU ) – 87p – £31m – PER 7.1
Results For The 12 Months To End June 2019 – Revenue up 4% to £90.1m, Underlying PBT down from £6m to £5.6m with EPS down from 12p to 10.1p, Dividend unchanged.
This looks like a slight miss and is of little more interest to me at present.
Avation ( £AVAP ) – 293p – £188m – PER 11.6
Results For The 12 Months To End June 2019 – Revenue up 21% to $117.7m, PBT up 28% to $25.7m, EPS up 25% to 40.3c (all records) and with the Dividend upgrade the yield is now up to 3% or so.
This looks like an impressive beat on the forecasts I last saw (which I thought were rather pessimistic – Hindsight eh!). Will however keep an eye out for, hopefully, more accurate forecasts.
Beeks Financial Cloud ( £BKS ) – 80p – £41m – PER 28.4
Results For The 12 Months To End June 2019 – Revenue up 32% to £7.35m, Underlying PBT up 11% to £1.32m with EPS at 2.58p, Net Cash at £1.02m (down from £2.09m), Total Dividend of 0.35p (0.3p).
I still don’t see value here and I remain on the side-lines as I just have no idea if or when those additional Tier 1 clients will come on board (which I believe are necessary to make a material difference here).
McBride ( £MCB ) – 51p – £93m – PER 5.2
Results For The 12 Months To End June 2019 – Revenue up 5% to £721.3m, Adjusted PBT down -26%, EPS -23.6%. Guides FY (this year) on target, flat Revenue and earnings slightly below previous year.
This looks to be as expected and I remain as interested today as I was yesterday.
Morses Club ( £MCL ) – 125p – £164m – PER 9.3
Trading Update For The 27 Weeks To End August 2019 – Trading in-line.
Still a potential for the yield but not enough here for me considering there could always be additional regulation at any stage.
MPAC ( £MPAC…
