Morning all!
Communisis ( Communisis (LON:CMS) ) – 51p – £107.0m – PER 7.17
Interim Results For The 6 Months To End June 2018 – Reasonably positive, FY in-line and the Pension Deficit and Net Debt are both down about 25% and 15% respectively.
I remain uninspired by the growth here and remain Neutral for now.
Eurocell ( Eurocell (LON:ECEL) ) – 252p – £252.8m – PER 11.0
Results For The 6 Months To End June 2018 – Nice to see a head line “Financial results in line with expectations and good progress with strategic priorities”. H2 weighting should see FY in-line with expectations.
Looks about fairly priced here to me, I remain Neutral.
Portmeirion ( Portmeirion (LON:PMP) ) – 1122.5p – £122.0m – PER 15.0
Interim Results For The 6 Months To End June 2018 – Strong H1 and confident of meeting FY market expectations.
Looks like there may be some upside here but sure there’s enough to push it through 1300, I remain Neutral.
Gattaca ( Gattaca (LON:GATC) ) – 125.25p – £40.3m – PER 4.09
Trading Update For The 12 Months To End July 2018 – FY PBT expected to be broadly in-line, Net Debt will be £46m (the Market Cap is just £40.3m).
I was Neutral but considering the progress here and that huge Net Debt, this in now going on my Avoid list.
VP ( VP (LON:VP.) ) – 1132.5p – £454.7m – PER 11.6
AGM Statement – Positive start to the year, trading is in-line with the Board’s expectations.
Those willing to accept the “macro market uncertainties” mentioned in this statement may have some interest here. I am not that way inclined at the moment so remain Neutral.
Walker Greenback ( Walker Greenbank (LON:WGB) ) – 78p – £55.4m – PER 6.19
Trading Update For The 6 Months To End July 2018 – “The Board's expectations for the full year remain unchanged following the trading update issued on 24 July 2018, which stated that Adjusted PBT for the…