I Read The News Today Oh Boy! 9-Sep-2019

Monday, Sep 09 2019 by
9

Morning all!

Air Partner ( £AIR ) – 78p – £41m – PER 9

Trading Update For The 6 Months To End July 2019 – H1 slightly stronger than expected, FY to be in-line with expectations.

Still, even on a lowly valuation, not tempted based on forecast PBT, EPS and Dividend growth being rather pedestrian.

Duke Royalty ( £DUKE ) – 48p – £95m – PER 23

Results For The 12 Months To End March 2019 – Revenue up 240% to £6.1m (£1.8m), PBT of £1.91m, Diluted EPS of 1.1p, the Dividend up 33% to 2.8p (2.1p).

I am Long here but this looks like a miss on PBT and EPS – Will observe the market reaction here this morning.

Filta Group ( £FLTA ) – 153p – £45m – PER 32

Interim Results For The 6 Months To End June 2019 – Revenue up 85% (21% organic), Adjusted PBT up 14% and the Interim Dividend is up 39%.

This looks good but I do have concerns on the sustainability of this kind of growth.

Luceco ( £LUCE ) – 73p – £117m – PER 10.2

Interim Results For The 6 Months To End June 2019 – Adjusted Revenue up 7% (CC), PBT £6.1m (-£1m), Dividend of 0.6p (0p) with Net Debt down from £41.4m to £36.4m. Trading well and H2 started ahead of expectations.

This looks like some improvement, will be much more interesting to see those FY actuals.

Medica Group ( £MGP ) – 132p – £146m – PER 16

Interim Results For The 6 Months To End June 2019 – Revenue up 18.2%, Adjusted PBT up 7.2% with EPS up 9.5, the Interim Dividend is up 13.3%. Expects FY Revenue slightly ahead with Profit in-line.

I still see 150p or so as fair value here so not enough to get me anymore interested at present.

UP Global Sourcing Holdings ( £UPGS ) – 72p – £59m – PER 9

Trading Update For The 12 Months To End July 2019 – Revenue up 40.8% to £123.3m (looks like a slight beat), EBITDA up 53.4% to £9.9m (looks like a 10% beat), currently trading in-line with an Order Book moderately ahead of last year.

Still not enough here to get me more interested as I don’t believe next year with see double digit growth – I could of course be quite wrong!

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Air Partner plc is a United Kingdom-based aviation services company. The Company provides worldwide solutions to industry, commerce, governments and private individuals. The Company has two divisions: Charter division comprising air charter broking and remarketing and the Consulting & Training division comprising the aviation safety consultancies, Baines Simmons, Clockwork Research and SafeSkys, as well as Air Partner's Emergency Planning Division. In addition for reporting purpose, the Company is structured into four divisions: Commercial Jets, Private Jets, Freight (Charter) and Consulting & Training (Baines Simmons, Clockwork Research, SafeSkys and Air Partner's Emergency Planning Division). more »

LSE Price
77.5p
Change
 
Mkt Cap (£m)
41.0
P/E (fwd)
8.5
Yield (fwd)
7.5

Duke Royalty Limited is a Guernsey-based diversified royalty investment company. The Company specializes in diversified royalty financing and provides alternative capital solutions to a diversified range of businesses in Europe and abroad. The Company’s investment policy is to invest in, without limitation and restrictions (including geographical restrictions), long-term, revenue-based royalties in private and/or public companies, and or other alternative asset classes and/or financing instruments from time to time that bear similar risk and return characteristics. The Company provides financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. It provides capital to companies in exchange for rights to a small percentage of future revenues. more »

LSE Price
48.4p
Change
 
Mkt Cap (£m)
95.4
P/E (fwd)
13.0
Yield (fwd)
6.8

Luceco plc offers a range of brands, including Luceco, BG Electrical, Masterplug and Ross. The Company's products include Luxpanel, Epsilon and ambient lighting. Luceco light emitting diode (LED) lighting provides commercial and domestic lighting solutions. BG Electrical is a wiring accessory manufacturing brand, which serves electrical trade and specifiers. BG Electrical's products include White Rounded Edge, Nexus Flaplate Screwless, Nexus Metal, Nexus Storm, Nexus Grid and Metal Clad. Masterplug supplies portable power equipment through do-it-yourself (DIY) outlets and street retailers. Masterplug offers products under various categories, including indoor power, such as plugs and adaptors, sockets, chargers and cables; outdoor power, such as case reel, weatherproof box and extension leads, and workpower, such as trailing sockets, inline connectors, cassette reels and cable reels. Ross offers a range of audio visual and home entertainment products. more »

LSE Price
91.7p
Change
1.6%
Mkt Cap (£m)
145.2
P/E (fwd)
11.4
Yield (fwd)
2.3



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


2 Posts on this Thread show/hide all

cafcash49 9th Sep 1 of 2
1

Hi Matylda, I follow you with great interest and take on board your comments for each share you comment on. I really appreciate what you do. Is it too impertinent to know more about you ? We may have met, I go to Mello and some Share Soc events and I am a 'tester' for the new version of Stocko. You clearly have very high standards before you invest, as we all should. Are you prepared to reveal your holdings? I am currently holding a lot of cash but hold MTO, AAZ, TSG, SND, TMMG. my e mail is charles@woodlandswitney.co.uk

Hope to hear from you. Charles

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andrea34l 9th Sep 2 of 2

I am rather less interested in Medica (LON:MGP) after these results today - profit and eps growth below 10% hardly support the share price where it is at the moment IMHO.

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