UK Stock Market News Today – 13-May-2019
Angling Direct (ANG) – 82p – £53m – PER n/a
Results For The 12 Months To End January 2019 – Revenue up 39%, all reads well until you get to the negative PBT and EPS.
I remain uninterested here, it’s fishing stuff at the end of the day!
CentralNic (CNIC) – 48p – £82m – PER 11.4
Results For The 12 Months To End December 2018 – Revenue up 100% yet there’s still a Loss After Tax of -£4.9m (-£1m last time), Net Debt is down from £7.2m to £2.5m.
Still not had a chance to look into this in any detail but would like to see that Revenue growth turn a profit!
Dignity (DTY) – 676p – £338m – PER 9.9
Trading Update For Q1 2019 – Revenue down -15%, Underlying Operating Profit down -12%, even the number of deaths is down -12% (that’s high!). This performance is below the Board’s expectations. If the death rate rises (to “normal” levels) FY profits will be £3m – £4m lower than originally anticipated.
I still see no reason to go “bottom picking” here.
Midwich (MIDW) – 623p – £497m – PER 19.1
AGM Statement – 1st 4 months of trading in-line.
600p or so still looks about fair value to me.
Myclex Technologies (MYX) – 205p – £77m – PER 45.6
Results For The 12 Months To End December 2018 – Revenue up 96% (to $27m), Net Profit $3.1m (-$1.2m loss last time). Look to be successful not just in Oil and Gas but in other commercial and industrial markets too.
This looks like a bit of a beat to me, I remain Long.
As always, all comment most welcome!