UK Stock Market News Today – 13-Apr-2018
Low & Bonar (LWB) – 56.3p – £185.7m – PER 8.29
Trading Update For Q1 – Revenue up despite challenging market conditions. Raw material costs have had an impact, price increases should mitigate but not until H2. FY (H2 weighted) expectations unchanged.
Another uninspiring update. With Net Debt well over 50% of current Market Cap this remains on my Avoid list.
Trakm8 Holdings (TRAK) – 101.75p – £36.4m – PER 10.2
Trading Update For The 12 Months To End March 2018 – Revenue up 13% to over £30m, obviously not the £32m forecast or they would have said – Wouldn’t they? Some contracts (Revenue) moved to next year. Board is confident of future prospects.
I remain uninspired by this company.
As always, all comment most welcome – Have a great day!