Morning all!
Findel ( Findel (LON:FDL) ) – 243p – £210.1m – PER 8.98
Results For The 12 Months To 30th March 2018 – Revenue up 4.8% to £479.0m and Adjusted Operating Profit up 15.4% to £36.0m.
I can’t really work this one out but with Net Debt over 30% of Mkt Cap and a (I believe) Pension Deficit of £2.5m a year - I am just going to remain Neutral.
Flowtech Fluidpower ( Flowtech Fluidpower (LON:FLO) ) – 170.75p – £90.2m – PER 10.3
AGM Statement – First 3 months Revenue up 49.7% (as per recent Trading Update) and momentum continues into the following 2 months. All seems in-line.
I hold here and on a PER of 10 with EPS forecasts at +39.3% in 2018 and +9.06% in 2019, I will continue to do so.
Share ( Share (LON:SHRE) ) – 26p – £37.3m – PER 52.7
AGM Statement – Revenues up 20%, in-line.
Still of interest but not enough so to make me a buyer at present, I remain Neutral.
Harvey Nash ( Harvey Nash (LON:HVN) ) – 106p – £77.9m – PER 7.64
Trading Update – Strong growth continues.
Now wishing I hadn’t waited for a pull-back circa 80p – Will revise my Watchlist price to 100p although a break-out above 106p also looks like a potential entry (so as not to miss out again perhaps!).
Amino Technologies ( Amino Technologies (LON:AMO) ) – 207.5p – £150.8m – PER 13.6
Trading Update For The 6 Months To End May 2018 – FY expectations remain unchanged.
This was on my Watchlist at 180p but having had a little closer look this morning I will go Neutral here now. ROCE and Operating Margin are great here but the forecast Revenue and EPS outlook just look below par.
Porvair ( Porvair (LON:PRV) ) – 516p – £235.5m – PER 25.2
Trading Update For The 6 Months To End May 2018 – In-line.
I still don’t see it. On a PER of…
