UK Stock Market News Today – 14-Sep-2018
SThree (STHR) – 345p – £450.2m – PER 11.2
Q3 Trading Update – Gross Profit up 13% (84% of this comes from outside the UK) – Confident of FY prospects.
Last time I looked at this company (in July) I said “Stockopedia (StockRank 92) still likes this more than I do – I remain Neutral”. That StockRank now stands at 79 and I still remain Neutral.
Connect (CNCT) – 37p – £91.6m – PER 3.24
Trading Update For Q1 Of The Financial Year To End August 2018 – The bad news just continues, even worse, an “organisation review” is now in progress, that’s a good idea!
This is going on my Avoid list for now and I will cease coverage until I see some positive news.
Character (CCT) – 500p – £106.1m – PER 10.7
Trading Update For The 12 Months To End August 2018 – H2 strong as anticipated with record UK sales. FY to “comfortably reach market expectations”. Confident for autumn/winter (Christmas).
Still like this but not quite enough, I remain Neutral and will keep an eye out for Broker notes and those final results in November.
Avon Rubber (AVON) – 1390p – £431.2m – PER 19.0
Trading Update Ahead Of Year Ending September 2018 Close – H2 has continued to be strong, FY Adjusted PBT to be in-line with the Board’s expectations. Order book strong going into next year.
Not a huge amount in this update to be fair. Again I will comment, I always keep saying I think it’s fairly priced (and all it’s done is gone up in price) – But I really do think it’s fairly priced so I am going to take it off my Watchlist (it was on there with me waiting for a pullback (Doh!)) and go Neutral for now.
As always, all comment most welcome!