UK Stock Market News Today – 10-Oct-2019
Castleton Technology (CTP) – 93p – £76m – PER 13
Trading Update For The 6 Months To End September 2019 – H1 below expectations, lower than last year, H2 to show a material improvement but, not enough to meet current market expectations.
I will not be investing here any time soon, at least not before seeing FY actuals.
Discoverie (DSCV) – 406p – £328m – PER 14
Interim Results For The 6 Months To End September 2019 – Good against strong comparators, on track for to deliver FY underlying earnings in-line.
I still fail to see enough value here at present.
Morses Club (MCL) – 115p – £150m – PER 9
Interim Results For The 27 Weeks To End August 2019 – Adjusted PBT and EPS down circa -10%, Interim Dividend 2.6p (2.6p), trading in-line with directors expectations.
Still a potential for the yield but not enough for me.
N Brown (BWNG) – 100p – £285m – PER 4
Interim Results For The 6 Months To End August 2019 – Revenue down -5.4%, Adjusted PBT up 3.9% and EPS up 6%, Net Debt up from £420.5m to £481.6m.
Even though it looks cheap, the HUGE Net Debt is still enough to keep me from getting involved here.
Onthemarket (OTMP) – 83p – £53m – PER n/a
Interim Results For The 6 Months To End July 2019 – Revenue up 8%, Losses higher, Cash down from £15.7m to £8.8m, web and mobile visits up by 75%, trading in-line with previous guidance.
I remain uninterested here but of course, keen to see how they progress, here’s to seeing the FY actuals.
As always, all comment most welcome!