Morning all – A lot to get through so apologies in advance for any errors, etc. Do please let me know to correct any silly or confusing ones.
Headlam ( Headlam (LON:HEAD) ) – 529p – £448.9m – PER 11.7
Final Results For The 12 Months To End December 2017 – Seems about in-line to me.
This was on my Watchlist at 530p – There’s a well covered Dividend of circa 4%+ and a decent cash pile. Based on the slow growth here though I am going to lower that Watchlist price to 450p for now.
Huntsworth ( Huntsworth (LON:HNT) ) – 77.6p – £256.2m – PER 12.6
Preliminary Results For The 12 Months To End December 2017 – Revenue up 9% at £197.0m (2016: £180.1m), PBT up 52% at £24.4m (2016: £16.0m), Diluted EPS 5.8p (2016: 4.0p) and the Total Dividend for the year will be 2.0p (2016: 1.75p). Net Debt is up from £31.6m to £36.3m. CEO - “Despite increasing FX headwinds, the year has started well with good trading momentum and Huntsworth is well positioned for further growth in 2018".
Doubled in 2018 it looks like it has the potential to keep going. Considering an initial investment here, if not it will go on my Watchlist, 75p.
LoopUp ( LoopUp (LON:LOOP) ) – 339.99p – £143.5m – PER 50.7
Preliminary Results For The 12 Months To End December 2017 – Revenue up to £17.5m (up 33.5% CC) ahead of market expectations. Customer spread improved. EBITDA up 161%, Operating Profit £0.7m, Diluted EPS up 722% to 4.4p (0.5p last time) and now Debt Free with Cash of £2.9m. Outlook is confident.
Almost tempted to pay up here, just seems to be going places this company. Can’t remember the last time I paid up on a PER of 50+ though. If I don’t get involved soon I will leave it on my Watchlist, 280p
MPAC ( MPAC (LON:MPAC) ) – 182p – £36.7m – PER 17.4
Final Results For The 12 Months To End December 2017 – Previously Molins. “Excellent progress on the Group's strategic initiatives”, Order book 35% higher than at the start of 2017, Sales…
