UK Stock Market News Today – 10-May-2019
Andrews Sykes (ASY) – 580p – £245m – PER 16.8
Results For The 12 Months To End December 2018 – Revenue up 10.2%, Operating Profit up 17.6% with EPS up 21%.
First coverage for me and (after a quick glance) looks OK but no real idea – Will probably looks into a little more today or over the weekend.
Eurocell (ECEL) – 226p – £226m – PER 10.8
AGM Statement & Trading Update For The First 4 Months Of 2019 – Confident of FY being in-line.
Not enough here to get my any more interested.
Premier Technical Services (PTSG) – 69p – £85m – PER 4.9
Trading Update For The 12 Weeks To End March 2019 – “Recent acquisitions of Guardian and Trinity are performing ahead of management expectations”, confident of a successful year in-line with the Board’s expectations.
Remains interesting but I believe there are still some FCA issues lingering here plus the Debtor days and Debt levels are high. Not for me.
T Clarke (CTO) – 128.5p – £55.7m – PER 7.2
AGM Statement & Trading Update YTD – Expects Revenue and PBT to be in-line with previously upgraded market expectations, £340m and £9.3m respectively with EPS at 17.5p. Believes well placed for target of sustainable 3% Profit Margin. Order book at £403m (£368m this time last year).
I am Long here, I like this update so see no reason to change my position at present.
As always, all comment most welcome!