UK Stock Market News Today – 1-Aug-2018
GetBusy (GETB) – 55p – £26.6m – PER 17.6
Unaudited Results For The 6 Months To End June 2018 – Revenue up 18% (CC) to £5.1m with EBITDA of -£492k, down £97k from H1 2017 (despite additional £383k of corporate costs following demerger and IPO in August 2017).
I hold here (just bought recently after it showed up on my Standard Tech Screen) and although these results seem OK I was expecting more based on forecasts – Will have to observe the market reaction here this morning.
StatPro (SOG) – 170.5p – £112.1m – PER 21.4
Interim Results For The 6 Months To End June 2018 – Revenue up 22% to £27.24m (2017: £22.41m), PBT of £0.90m (2017: loss of -£1.54m), Interim Dividend maintained at 0.85p. Trading for the year is in-line with expectations.
I quite like this but will go Neutral for now as it looks about fairly priced here (to me).
Devro (DVO) – 196.8p – £328.6m – PER 12.4
Results For The 6 Months To End June 2018 – Revenue down and Operating Profit slightly up, FY expectations remain unchanged.
I still can’t get interested here, Net Debt is about 40% or so of the current Market Cap and the chart is hardly inspiring either.
As always, all comment most welcome!