UK Stock Market News Today – 12-Sep-2019
Focusrite (TUNE) – 498p – £289m – PER 26
Results For The 12 Months To End August 2019 – Revenue to be ahead of expectations at £84m, with margins maintained EBITDA to be ahead too, Net Cash to be £14.9m (£22.8m).
Looks like a 5% or so beat on forecast Revenue – Still a lot to like but not enough for me, will keep an eye out for updated Broker notes.
Haynes Publishing (HYNS) – 220p – £33m – PER 12
Results For The 12 Months To End May 2019 – Revenue up 7% to £36.2m (£33.8m), Adjusted PBT up 24% to £3.6m (£2.9m) with EPS up 44% to 19p (13.2p), Dividend held at 7.5p and Net Cash is at £4.9m, up 96% from £2.5m, “Well positioned to deliver new and exciting global growth opportunities”.
I like this and will keep an eye out from Broker notes – Tempting.
Ricardo (RCDO) – 702p – £375m – PER 11.5
Results For The 12 Months To End June 2019 – Revenue up slightly, Underlying PBT and EPS down slightly, Dividend up 4%, Net Debt at £47.4m (£26.1m).
Not particularly heading in the direction I would like to see.
As always, all comment most welcome!