Good afternoon! It's Paul here.

I had another second wind in the evening last night, and added more sections to yesterday's report, which now comprises comments on;



On to today, the header above shows the companies that I'm aiming to report on today.

Obviously the backdrop this week is a bit of a market wobble in the USA yesterday, driven by political events surrounding Donald Trump's chaotic presidency. I think a stock market correction is overdue, so sometimes the market just looks for any excuse to sell off.

Personally, I've de-geared, and opened some shorts in my spread bet accounts.  However, I've not made any significant changes to my ungeared, long-term portfolio.




Churchill China (LON:CHH)

Share price: 1068p (up 1.2% today)
No. shares: 11.0m
Market cap: £117.5m

AGM Statement - covering the first 4 months of the current financial year (ending 31 Dec 2017).

This is a UK-based manufacturer of crockery, mainly for restaurants.

Today's update is short & sweet!


"I am pleased to report that we have made further progress against our objectives in the first four months of the year. We have continued to benefit from strong export demand and our new product launches have been well received.

As a result we continue to anticipate that we will meet our target performance levels for the year."


Looking at the Stockopedia graphical history (which is my shortcut for getting a handle on how any company has performed), we can see that there is a steady progression of revenues. Plus there seems to be good operational gearing, as profits & EPS have risen considerably more in % terms, than revenues;


591d84a4e331eCCH_graphs.PNG


There's also been a positive move in forecast EPS in the last 12 months, which is another thing I like to see. Companies which are seeing earnings upgrades are usually on a roll, so…

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