UK Stock Market News Today – 13-Jul-2018
RhythmOne (RTHM) – 175p – £136.5m – PER 4.04
Q1 Trading Update – In-line.
I remain Neutral as I reckon this is still a case of waiting to see some actual results (with confirmed profits).
SafeCharge International (SCH) – 328.5p – £486.6m – PER 21.9
I remain long for now although I am not entirely convinced in-line is good enough here – I will again keep an eye on the market reaction to this update.
Tristel (TSTL) – 320p – £138.2m – PER 34.0
Trading Update For The 12 Months To End June 2018 – In-line, Revenue and PBT up just under 10%.
I remain of the view that I would still like to see a little more here for a PER of 30+.
As always, all comment most welcome!