Good morning. It's a fairly quiet day today for news announcements, which is good as it gives me more time to prepare for my Webinar on using the StockReports here on Stockopedia. The Webinar will basically be an online live chat between Ed & myself, talking about how I use the StockReports to quickly ascertain whether companies are worthy of further research. It starts at 12:30, so hope to see some of you there. The software is really neat, and allows you to not only hear audio of both of us, but also see what is on Ed's screen live, as we talk through various items. It can take a couple of minutes to set up, so best to login a few minutes early.
There will also be time allocated for me to respond to questions submitted by listeners, so if you would like me to quickly run my slide rule over a particular stock, then this is your chance. I hope people find it useful.
A share that I like, but unfortunately sold too early at about 90p, is Walker Greenbank (LON:WGB). They make luxury interior furnishings, and were an absolute steal at around 50p when I first bought some early last year. They are now up to 123p, which is a market cap of £72m.
As you can see from the valuation table on the right, where we're looking for as much green as possible to indicate value, the forward PER is fairly reasonable at 12.5, and good EPS growth of 23.2% is forecast.
However, the dividend yield looks unexciting at 1.36%, and the other valuation measures are less favourable.
They have issued an upbeat AGM statement this morning, detailing strong sales & margins. They conclude that "we remain confident of the outlook for the full year".
So it's possible that broker forecasts might be revised upwards perhaps? Although that's not entirely clear from this statement. Consensus forecast of 9.5p EPS already includes a sizable uplift on last year, so I probably won't be going back into this one, as there probably isn't enough % upside, although it wouldn't surprise me to see the shares continue rising to say the 150p level in due course.
FTSE 100 futures are set…
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