Good morning!

It's Paul here.

I'm loving the positive energy we're generating this week - especially Robbie Burns' motivational message left in the comments section earlier this week! Nice one Robbie! 



Quick initial review of RNS

(written from 7-8am, and not edited later - I'll try to stick to this format going forwards, as readers seem to like it. More detailed company sections are further down)

Zoo Digital (LON:ZOO)

Trading update - looks a poor performance for y/e 31 Mar 2019. Breakeven in H2 at EBITDA level.

It warned on profits in Jan 2019, so I'm not sure how much bad news is already in the price? Forecast looks to be a little above breakeven. Share price has already dropped more than 2/3rds since peak last summer.

Quite an interesting growth story that hit the buffers, so I'll take a closer look later.


Pendragon (LON:PDG)

Profit warning - poor Q1, due to lower margins & higher costs. Profits £10m lower than expected in Q1 - ouch. Strategic review being undertaken by new CEO & CFO.

Bad news, that's likely to have read-across for other car dealers too - expect a fall in share prices in this sector.

I'll take a closer look later.


Dart (LON:DTG)

Mid cap, so just a quick comment.

y/e 31 Mar 2019 - trading was slightly ahead of expectations. Leisure travel business doing well.

y/e 31 Mar 2020 - uncertain outlook. Pricing under pressure. Despite this, Board confident of meeting expectations.

An excellent business, in my opinion. Looks good value. Very high StockRank. Worth a closer look. Brexit concerns could be providing a buying opportunity perhaps? People won't stop going on holiday.

No further comments from me today on this one.


Dialight (LON:DIA)

AGM trading update - this industrial LED lighting group seems to be permanently trying to sort out operational problems. 

Makes encouraging noises today, but says 2019 results to be "heavily weighted" towards H2. That makes it too risky for me.

I don't have enough information to take it any further today.


Universe (LON:UNG)

2018 results - small, but profitable, ex-growth EPoS software company. Hit by Conviviality insolvency. Despite…

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