Good morning!

Please see the header above for the shares that have caught my eye this morning.

CEO interview - Best Of The Best (LON:BOTB)

In case you missed it yesterday, here is the link to my audio interview with William Hindmarch, CEO of BOTB (in which I have a long position).

Sorry if this project rather curtailed yesterday's report. I've decided that it's too much to write a SCVR and do an interview on the same day. So in future, I'll only do interviews when Graham is writing that day's SCVR.

FinnCap research

Excellent news for private investors. FinnCap tweeted me last night, to say that all investors, including PIs, can now access their research. The website is here. I've just registered, and it works! So that's a very handy initiative to widen the distribution of research notes - something that I'm very keen to encourage.

Ab Dynamics (LON:ABDP)

Share price: 1472p (up 14.8% today, at 11:08)
No. shares: 19.5m
Market cap: £287.0m

Trading update

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to provide a trading update in advance of the publication of its final results for the twelve months ended 31 August 2018.

A very nice update today;

The Group has performed well through the year and the Board expects both revenue and profit before tax to significantly exceed market expectations.

Most of the growth has come from track testing products, used for autonomous vehicle development.

My opinion - I'm not sure how to value this share, as I don't have any updated forecasts. So I'll have to use some guesswork.

Stockopedia shows broker consensus of 34.0p EPS for y/e 31 Aug 2018. What does "significantly exceed" mean? Maybe c.40p EPS? At 1472p per share, that would be a PER of 36.8 - expensive.

Maybe the market thinks the company will achieve more than 40p then? And/or that the new year might deliver say 50p EPS? That would move the PER down to a still expensive 29.4.

As you can see from the Stockopedia graphs, this company has an outstanding track record, and the light blue forecast…

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