UK Stock Market News Today – 15-Aug-2019
Nanoco (NANO) – 12p – £33m – PER n/a
Trading Update For The 12 Months To End July 2019 – Best results ever with Revenue at £7.3m, double last year and slightly ahead of market expectations, Cash at £7m. Major work programme as previously identified will not extend beyond 2019 but over 100 new patents have been granted and applied for during the year. No mention of Profit.
For me, it’s still a case of waiting for those actuals for this current loss maker.
Vianet (VNET) – 120p – £34m – PER 12.6
Trading Update For The First 4 Months Of The Year – On course to meet FY market expectations, 3 long term contracts (£10m) underpin growth.
I quite like this but would like to see the actuals. Based on the latest Broker note this morning, in my opinion, looks way undervalued on a 1 Year view but cannot value on a 2 Year view due to negative EPS growth forecast for 2021E.
As always, all comment most welcome!