Morning All!

A rather hectic start to the week…

Avingtrans ( Avingtrans (LON:AVG) ) – 193.25p – £59.3m – PER 36.3

Trading Update For The 6 Months To End November 2017 – An in-line update.

There’s things I like here and things I dislike. The rollercoaster ride of the Revenue, Profits, Share price and the PER of 36.3 is just enough to put me off.

H & T ( H & T (LON:HAT) ) – 326.5p – £122.2m – PER 10.5

Trading Update For The 12 Months To End December 2017 – Full Year PBT to be above current market expectations.

I have liked the look of this for a while and if I was not already involved in Ramsdens Holdings (LON:RFX) I would find it tricky to pick between the two. Perhaps I should hold both!

McBride ( McBride (LON:MCB) ) – 222.5p – £405.4m – PER 13.1

Trading Update For The 6 Months To End December 2017 – An in-line update, but wait a minute! It’s in-line with last year – “full year earnings to be broadly in line with the prior year”.

Expect this will get a bit of a battering here today, something I will be avoiding for some time.

Mothercare ( Mothercare (LON:MTC) ) – 62p – £105.9m – PER 8.99

Trading Update For The 12 Weeks To End December 2017 – Ouch! UK LFL sales down 7.2% (international down 3%), online sales down 6.9% and lower margins.

A share already on my Avoid list and one that will remain there.

Craneware ( Craneware (LON:CRW) ) – 1520p – £409.8m – PER 35.7

Trading Update For The 6 Months To End December 2017 – H1 strong and a significant new contract win too. Renewals (in value) at 100%. Expects Revenue and EBITDA to be up in H1 15% - 18%.

I still quite like this but on a PER in the 35 range I would expect more growth that 15% - 18%. As I note I do remember also saying this…

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