Good morning! 

These are on my radar today.



Mello 2019 

A quick plug for this event, where I'm sure many of us will meet again, and some of us will meet for the first time.

Some recent additions to the list of companies appearing at this event:

... along with other favourites such as Sosandar (LON:SOS), Duke Royalty (LON:DUKE) (where I have a long position), Zoo Digital (LON:ZOO), Beeks Financial Cloud (LON:BKS), Scientific Digital Imaging (LON:SDI), etc. Click here for the company list.

The speaker list isn't bad either!

I've been informed that there are 50% discounts available with the code EB50.




Ab Dynamics (LON:ABDP)

  • Share price: £20.55 (+7.6%)
  • No. of shares: 20 million
  • Market cap: £405 million

Half-year Report

Some remarkable H1 growth figures from this company, which provides "advanced automotive test and measurement equipment", focusing on safety and autonomy features.

It has boosted its manufacturing capacity over the past year or so, enabling a tremendous increase in revenues. Operational leverage means that profits are turbo-charged:

  • Revenues +69% to £25.8 million
  • adj. PBT +95% to £6.4 million

Despite this strong growth, the interim dividend increases by just 10%. The company has been pretty clear about its desire to invest to take advantage of the opportunities it enjoys at present, so I guess this is not a big surprise.

Indeed, the company says today that the adjusted operating margin in H2 2019 will be similar to the FY 2018 result, due to "planned investments in resources, overseas facilities and infrastructure". It has new facilities…

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