I Read The News Today Oh Boy! 9-Aug-2018

Thursday, Aug 09 2018 by
12

Morning all!

Elektron Technology ( Elektron Technology (LON:EKT) ) – 41.5p – £77.2m – PER 30.4

Trading Update For The 6 Months To End July 2018 – Revenue up 16.9% (ahead of expectations) with Net Cash at £6.8m (up from £2.0m in July 2017), £5.2m in January 2018). FY to be ahead of market expectations.

I still just can’t make my mind up here (spidey senses or something), it looks like a great growth opportunity but it also seems priced for this on a PER of 30+. I am going to remain Neutral for now.

North Midland Construction ( North Midland Construction (LON:NMD) ) – 336p – £34.1m – PER 83.0

Interim Results For The 6 Months To End June 2018 – Revenue up 19%, PBT up 103.6%, Cash up £138.4% (to £18.89m), Current Order book £320m (£270m last time), Proposed Dividend up 100%. This statement got my attention “Our focus on margin enhancement (104% ahead of last year) and cash generation (138% ahead of last year) is beginning to show returns and is anticipated to continue going forward.”

This is of more interest after this update but not enough to change my view from Neutral at present.

EKF Diagnostics ( EKF Diagnostics Holdings (LON:EKF) ) – 36.7p – £167.9m – PER 30.5

Trading Update – Marginally ahead.

I still can’t get past the valuation here, based on forecasts – I remain Neutral.

As always, all comment most welcome!

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Checkit PLC, formerly Elektron Technology PLC, is a United Kingdom-based holding company. The Company is engaged in designing, manufacturing and marketing products that connect, monitor and control. The Company focused on Checkit, which is a real-time operations management software. Checkit provides workforce management, automated monitoring and operational insight. Its products use Internet of Things (IoT) software applications, smart sensors and cloud analytics. Checkit serves the customers in various sectors including retail, hospitality, healthcare, real estate management and manufacturing. It also provides Checkit application on android. Its service provides for customer data to be stored in the cloud. more »

LSE Price
53.5p
Change
0.9%
Mkt Cap (£m)
95.9
P/E (fwd)
15.7
Yield (fwd)
n/a

NMCN PLC, formerly North Midland Construction PLC, is a United Kingdom-based building, civil engineering, highways and utilities company. The Company's operating segments include PLC, which consists of building, civil engineering, highways, utilities and NMCNomenca divisions, and Nomenca, which consists of mechanical and electrical engineering products and services. Its building division focuses in the construction of new build and refurbishment projects across the Midlands region. Its Civil Engineering division services the power generation, power distribution, waste to energy and infrastructure works for both public and private sectors. Its Highways division focuses in the design and delivery of projects across the United Kingdom. Its NMCNomenca division delivers non-infrastructure frameworks with Severn Trent water for both civil and mechanical, electrical, instrumentation, control and automation (MEICA) projects. It operates approximately 10 regional offices and workshops. more »

LSE Price
507.5p
Change
 
Mkt Cap (£m)
52.8
P/E (fwd)
8.5
Yield (fwd)
4.1

EKF Diagnostics Holdings plc is engaged in developing, manufacturing and supplying of products and services into the in-vitro diagnostic (IVD) market place. The Company manufactures and sells diagnostic instruments, reagents and certain ancillary products. The Company's point-of-care range includes hemoglobin analyzers, HbA1c analyzers and glucose analyzers for use in the screening, monitoring and diagnosis of patients, as well as rapid tests for pregnancy and common infectious diseases. The Company's Central Laboratory division includes a range of products for use in both large and small laboratory facilities. Its subsidiary, EKF Life Sciences, provides bulk diagnostic enzyme manufacturing and fermentation services. EKF Life Sciences specializes in producing enzymes, including Salicylate Hydroxylase and Beta-Hydroxybutyrate Dehydrogenase. Its products include Quo-Test A1c, Biosen C-Line and Biosen S-Line, STAT-Site M B-HB analyzer, sTNFR1 biomarker test kits and Altair 240. more »

LSE Price
33.4p
Change
1.2%
Mkt Cap (£m)
151.7
P/E (fwd)
22.4
Yield (fwd)
3.0



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


2 Posts on this Thread show/hide all

MrContrarian 9th Aug '18 1 of 2
5

My morning smallcap tweet: MIRA MIRA on the wall, who is the most bullish of all?

Mirada (LON:MIRA), Elektron Technology (LON:EKT), North Midland Construction (LON:NMD)

Mirada (MIRA) conversion of loan to equity at 1.12p (a 53% premium) taking the concert party to 66% holding. Guides FY rev up slightly. Outlook - bullish, as always.
Elektron Technology (EKT) H1 trading. Rev up 17%. Guides FY ahead of market expectations.
North Midland Cnstrn (NMD) H1 EPS 20p up 104%. Div doubled to 6p. No F/C available. "Our focus on margin enhancement (104% ahead of last year) and cash generation (138% ahead of last year) is beginning to show returns and is anticipated to continue going forward." Recovering well from disastrous 'legacy' projects.

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iwright7 9th Aug '18 2 of 2
5

Matylda, Elektron Technology (LON:EKT) strikes me as another of those improving Quality companies that you have to pay up for to enjoy the ride. I have taken an initial position today.

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