Morning Brief – 13-Sep-2019

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Morning Brief Images 13-Sep-2019

UK Stock Market News Today – 13-Sep-2019

Morning all!

AFH Financial (AFHP) – 276p – £118m – PER 9

Two Acquisitions – completed on attractive, value-enhancing multiples.

I am Long here and hope this gives a much needed boost to the share price.

Character (CCT) – 370p – £79m – PER 8

Trading Update For The 12 Months To End August 2019 – Guides PBT “n the range of £11.0m – £11.5m., slightly under the lower end of current market expectations”, too many excuses to list but confirms Peppa Pig will contribute to next 2 years earnings.

Perhaps the only reason left to buy here would be on bid speculation.

SThree (STHR) – 294p – £384m – PER 9

Q3 Trading Update – Looks good with FY expectations unchanged.

300p seems about fair value to me but that may well provide a decent base given the 5% or so yield.

As always, all comment most welcome!

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