Morning All!
A little quieter out there today with nothing much of interest investment wise for me...
Blancco Technology ( Blancco Technology (LON:BLTG) ) – 75.08p – £48.0m – PER 38.9
Trading Update For The 6 Months To End December 2017 – A load of waffle and then we get to the point – “We now expect full year revenues to be towards the lower end of our guidance range while AOP (Adjusted Operating Profit) and cashflow remain in line”. Additionally “The CEO recruitment process is progressing well and we will update the market at the appropriate time”.
Not the most confident of updates, for sure I am interested here at present.
Gama Aviation ( Gama Aviation (LON:GMAA) ) – 236p – £103.8m – PER 9.14
Trading Update For The 12 Months To End December 2017 – In-line and confident for 2018.
Fundamental wise looks OK (ish) but for now it’s not for me.
Carpetright ( Carpetright (LON:CPR) ) – 164.5p – £111.7m – PER 9.31
Trading Update For The 11 Weeks To End 13-Jan-2018 – This doesn’t look good. Trading in the important post-Christmas period has been significantly behind expectations, Group sales down 2.3%, sharp deterioration in UK trade has had a significant impact on profitability and our outlook for the reminder of the year - Revised full year profit guidance in the range of £2.0m to £6.0m.
With Stockopedia currently stating 2018 Net Profit of £10.8m this looks like a HUGE miss. It remains on my Avoid list.
Record ( Record (LON:REC) ) – 43p – £85.6m – PER 13.2
Q3 Trading Update – AUME (Assets Under Management Equivalents) up 4.4% (3.7% in GBP). fee rates for all products remained broadly unchanged from the previous quarter. No performance fees were earned in the quarter.
I think I will now put this company on my Avoid list and stop looking at it from now on. Time to just admit that It is just too difficult for me to judge. For example, AUME up 4.4%, is that good? Doesn’t seem that good to me. No performance fees earned in the quarter, I would say…
