UK Stock Market News Today – 14-May-2018
Hope you had a great weekend.
City Pub (CPC) – 204.5p – £115.5m – PER 25.4
AGM Statement – Sales up 23% (1st 18 weeks) with more pubs in the pipeline.
Will continue to remain Neutral until seeing how the increase in sales translates into profit.
Angling Direct (ANG) – 104p – £44.7m – PER 33.5
Results For The 12 Months To End January 2018 – Revenue of £30.24m up by 44% (2017: £21.03m) with Operating profit of £0.9m up 27% (2017: £0.7m). A good start to the year, confident of meeting FY targets.
Was hoping for a more bullish set of results than this, will remain Neutral for now.
Cerillion (CER) – 143p – £42.2m – PER 13.5
Interim Results For The 6 Months To End March 2018 – In-line (although they don’t seem so great) – Confident for the full year.
I was hoping for a little more here, I will remain Neutral for now.
Eckoh (ECK) – 43.5p – £109.7m – PER 22.1
Trading Update For The 12 Months To End March 2018 – In-line with Market expectations with several sizeable contract wins.
This is looking quite interesting, will add it to the Watchlist at 40p to keep an eye on it.
CML Microsystems (CML) – 567.5p – £96.8m – PER 22.8
This was on my Watchlist at 450p. I reckon it’s high enough now so I am going to go Neutral here.
As always, all comment most welcome!