Morning All!

Nothing much to excite (me) this morning, news wise…

DFS Furniture ( DFS Furniture (LON:DFS) ) – 192.2p – £406.8m – PER 9.99

Trading Update For The 6 Months To 27 January 2018 – LFL Sales up 4% (but down 3.5% if measured without the sales of recent acquisition Sofology). Expecting a stronger LFL H2. Expect conditions to remain challenging but FY expectations are unchanged.

The reasonably well covered Dividend (circa 6%) is attractive but I’m just not interested.

Epwin ( Epwin (LON:EPWN) ) – 77.8p – £111.2m – PER 7.27

Trading Update For The 12 Months To End December 2017 – In-line with market expectations.

The Dividend is great and if that can be maintained it’s one for income seekers, perhaps. Growth wise, it doesn’t seem like it’s going anywhere.

Elektron Technology ( Elektron Technology (LON:EKT) ) – 22.7p – £42.2m – PER 59.4

Trading Update For The 12 Months To End January 2018 – No mention of it but trading wise this seems in-line at best. The outlook is impressive though, the Order book is in excess of £9m (compared with £5.9m last year) and there’s Net Cash of £5.1m versus £1.0m last time (£1.9m from a disposal). Up over 8% yesterday, either this update is better than I can work out or the cleaner's got hold of the wrong emails.

I just cannot see how this has been driven up to the valuation it has been (3 bagger in the past 12 months). I am obviously missing something!

A good day to all!

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