UK Stock Market News Today – 1-May-2018
Connect (CNCT) – 60p – £148.6m – PER 4.37
Unaudited Interim Results For The 12 Months To End February 2018 – Nothing much to impress here except that Interim Dividend which is maintained (3.1p).
The FY Dividend currently equates to 15%+ and Net Debt (although significantly reduced) is still well over 50% of the current Market Cap. I can’t get off the fence here! In a few years time will this be trading at a much higher price yielding about 50% of my original investment amount in annual income? Or, will it still be trading around these levels, still in debt yielding a few percent. I just have no idea or even a particular bias – I am Neutral.
And that’s it for today!
As always, all comment most welcome!