I Read The News Today Oh Boy! 8-Jan-2019

Tuesday, Jan 08 2019 by
12

Morning all!

Joules ( £JOUL ) – 245p – £215m – PER 16.3

Trading Update For The 7 Weeks To 6th January 2019 – Expects FY to be in-line.

I considered that there may well be value here at 207p. That remains the case at 245p if you have faith in the sector and the potential effects of the Brexit result.

Carr's ( £CARR ) – 160p – £147m – PER 11

Trading Update For The 18 Weeks To 5th January 2019 – Started In-line.

I remain on the side-lines.

Footasylum ( £FOOT ) – 32.5p – £34m – PER n/a

Trading Update For The 18 Weeks To 29th December 2018 – Revenue growth in-line, margins down, covenents mentioned!

I'm staying well away from this for now.

Gateley ( £GTLY ) – 131p – £145m – PER 10.2

Interim Results or The 6 Months To End October 2018 – Revenue up 20%, PBT up 18.6%, Basic EPS up 13.5%. FY to be in-line with market forecasts.

Was waiting to see the actuals here, it's going on the Watchlist for further research now.

Staffline ( £STAF ) – 1250p – £349m – PER 10

Trading Update For The 12 Months To End December 2018 – Expected to be in-line but Net Debt has almost doubled here (from £36m to £63m).

Attractions here but just not enough for me – Still wary of the sector.

As always, all comment most welcome!

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Carr's Group plc is engaged in the agriculture and engineering activities. The Company's segments are Agriculture and Engineering. The Agriculture segment includes the sale of animal feed and feed blocks together with retail sales of farm equipment, fuels and farm consumables. The Engineering segment includes the design and manufacture of bespoke equipment for use in nuclear, oil and gas, and petrochemical industries. Its products include manipulators, robotics, specialist fabrication and precision machining. The Company's agriculture division develops and supplies a range of branded animal nutrition products into the livestock industries, as well as services the United Kingdom farming and rural communities through a network of retail stores and fuel businesses with manufacturing locations in the United States, United Kingdom and Europe. It is focused on the design and manufacture of pressure vessels and steel fabrications. more »

LSE Price
150p
Change
-3.2%
Mkt Cap (£m)
142.5
P/E (fwd)
10.6
Yield (fwd)
3.1

Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company has two segments: Staffing Services, which includes the provision of temporary staff to customers, and PeoplePlus, which includes the provision of welfare to work and other training services. Its Staffing Services focuses on providing complete labor solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors. Its recruitment business operates from well over 300 locations in the United Kingdom, Eire and Poland. The Staffing brands include Staffline OnSite, based on clients' premises providing both blue and white collar, out-sourced, temporary workforces. Its Employability includes work program, prime contractor in over nine regions and sub-contracts in approximately five regions in England. more »

LSE Price
880p
Change
-0.2%
Mkt Cap (£m)
246.5
P/E (fwd)
7.1
Yield (fwd)
3.3

Gateley (Holdings) Plc provides commercial legal services together with complementary non-legal services, including acting as independent trustees to pension schemes and also provides specialist tax incentive advice. Its segments are Banking and Financial Services, which is engaged in the provision of legal advice in respect of asset finance, banking and corporate recovery services; Corporate, which is engaged in the provision of legal advice in respect of corporate, family, private client and taxation services; Business Services, which is engaged in the provision of legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport and insurance services; Employees, Pensions and Benefits, which is engaged in the provision of legal advice in respect of employment and pension services, and Property, which is engaged in the provision of legal advice in respect of construction, planning, real estate and residential development services. more »

LSE Price
151p
Change
-1.3%
Mkt Cap (£m)
169.6
P/E (fwd)
11.2
Yield (fwd)
5.5



  Is LON:CARR fundamentally strong or weak? Find out More »


2 Comments on this Article show/hide all

MrContrarian 8th Jan 1 of 2
2

My morning smallcap tweet: Accrol bogs down.

Accrol Group (LON:ACRL), Sigma Capital (LON:SGM), Footasylum (LON:FOOT)

Accrol Group (ACRL) guides FY adj EBITDA only £1m if weak £ and high tissue prices continue. Guides FY rev up 8% to £126m, broadly in line with market forecasts - I have £128.6m. "FY20 results will include the full annualised benefit of the structural cost savings achieved in FY19."
Sigma Capital Group (SGM) guides FY pre-tax profit up 205%, slightly ahead of market forecasts.
Footasylum (FOOT) guides FY adj EBITDA towards the lower end of analyst forecasts due to 'higher than expected levels of promotional and clearance activity'. Plans to cuts costs.

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Beginner 8th Jan 2 of 2
2

Interesting update from SIG (LON:SHI) , in that it comments in general on the state of construction. UK, Ireland, France and Germany saw activity 'slow materially' in both residential and commercial sectors.

Meanwhile Greene King (LON:GNK) had a good Christmas, with a possible read across to Revolution Bars (LON:RBG) and Marston's (LON:MARS) . Are all the brickies drowning their sorrows??

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