UK Stock Market News Today – 14-Jun-2019
Alumasc (ALU) – 103p – £37m – PER 6.2
Trading Update For The 12 Months To End June 2019 – PBT to be 10-15% below expectations, progressive Dividend paused, will be 7.35p, same as last year.
This is what I said last time ” Looks like value to be had here if forecasts are met, I am just not convinced they will be” – So I will remain on the side-lines and keep an eye out for actuals.
Myclex Technologies (MYX) – 188p – £37m – PER 16.1
Trading Update – Trading Q1 but delays to some projects, moved to 2020. Revenue and Profit to be below expectations, circa $20m and $0.5m.
I am Long here and may well be changing that position this morning – This looks like a HUGE miss!
SThree (STHR) – 276p – £362m – PER 8.1
H1 Trading Update – In-line, FY expectations unchanged.
Still tempted here, there’s a 5% yield on offer. However, the recruitment sector is still not one I have a conviction for at present, if or when I do, I will probably be involved here.
Walker Greenback (WGB) – 76p – £54m – PER 9
AGM Statement – In-line.
Still can’t get too excited here.
As always, all comment most welcome!