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Ian Pollard – Cropper Excited About Prospects

Cropper (James) plc CRPR enjoyed double digit organic growth across its target markets in the year to 31st March . Despite a fall in pre tax profits from from £5.5m to £4.5m.as the impact of higher pulp prices added some £3.5m to material costs for the year, the Board  is increasing the final dividend by getting on for nearly 20% with a rise from 11.8p to 13.5p per share and expresses itself as being excited about future prospects for the Group.

Surgical Innovations SUN  Despite challenging market conditions, total group revenue  for the six months to the end of June is expected to exceed  £5m.with gross margins and profitability, slightly ahead of last year. The second half is expected to produce much stronger results as NHS hospitals start to show signs of a return to normalised activity levels and the government beings to make promises of a long term funding increase for the NHS

HML Holdings plc HML has concentrated on maximising synergies and efficiency during the twelve month to 31st March with the result that revenue rose by 24% and profit before tax by 12%. adjusted basic earnings per share rose from 3.9p to 4.2p per share and the dividend is to be increased from 0.37p. to 0.42p.

Morses Club plc MCL Trading in the first four months of the current financial year has been strong. High quality customer numbers are well ahead of last year.

Beachfront property for sale in Greece;   http://www.hiddengreece.net

Brand CEO Alan Green talks Watchstone Group (WTG), Just Eat (JE.) & Morses Club (MCL) on VOX Markets podcast

Brand CEO Alan Green discusses Watchstone Group (WTG), Just Eat (JE.) & Morses Club (MCL) with Justin Waite on the VOX Markets podcast. The interview is 32 minutes 48 seconds in.

Buy Morses Club (MCL). The stock offers an enticing investment opportunity in the run up to October interims, says VectorVest

UK based Morses Club (MCL.L) is a home collected credit (HCC) lender. A consumer finance business focused on the UK home collected credit market, MCL operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis. It provides a range of loan products through a combination of traditional and online marketing channels.

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On August 31 2017, MCL said trading for the 26-week period to 26 August 2017 continued to be strong. Total credit issued increased by 25% to £82.2m compared to the same period last year (H1 2017: 16% to £66.0m), reflecting the significant increase in territory builds. Customer numbers increased substantially by 12% to approximately 233k, with the gross loan book also 12% higher (H1 2017: flat) and average customer balance unchanged. Territory builds are performing ahead of management’s expectations set at the beginning of the year, and overall business performance is in line with expectations. CEO Paul Smith said the board “are delighted with all aspects of the progress of the business, reflecting the fact that we have capitalised on market conditions, whilst developing our strategy of product diversification.” MCL interim results and dividend for the period will be announced on Thursday, 5 October 2017.

MCL appeared across key VectorVest metrics in June when the shares traded around 122p. The stock triggered a series of system alerts again in the run up to the trading statement in August, before rocketing from 106p to 150p in a matter of weeks. Now at 143p, the stock still carries a reasonable RS (Relative Safety) rating of just 0.94 – fair on a scale of 0.00 to 2.00, but this only tells part of the story. The RT (Relative Timing) indicator, which is a fast, smart, accurate indicator of a stock’s price trend, shows a rating of 1.47 for MCL, which is excellent on a scale of 0.00 to 2.00. With the VST-Vector (VST) master indicator, (ranks every stock in the VectorVest database), also logging a ‘very good’ rating of 1.27 on a scale of 0.00 to 2.00, MCL remains undervalued against the current VectorVest valuation of 184p.

The chart of MCL.L is shown above in my normal notation. As discussed the share is much undervalued and growing EPS strongly. After a strong run the share has consolidated in a pattern which technical analysts refer to a “flag”. This is a bullish pattern and the probabilities favour a resumption of the trend soon. The pullback would seem to have run its course as the market has retreated to where old resistance has become potential suppport. The share is on a Buy recommendation on VectorVest.

Summary: The plethora of credit solutions in the domestic market has witnessed plenty of notable success stories in recent years. MCL is another of these success stories, and following the bullish trading statement outlined here, there is every reason to expect the stock to continue delivering growth in customers, revenues, profits and dividends. With the VectorVest stock analysis and portfolio management system alerting members to the opportunity in June, and now with an increased valuation of 184p, we believe MCL offers an enticing investment opportunity in the run up to interim results early next month. Buy.

Dr David Paul

Sept 19th 2017

Readers can examine trading opportunities on MCL and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

FREE! For free VectorVest analysis on any stock, go to this link here

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