UK Stock Market News Today – 15-Oct-2018
Cake Box Holdings (CBOX) – 163.5p – £65.4m – PER 23.6
Trading Update For The 6 Months To End September 2018 – Expects Revenue to be up circa 40% to circa £8.3m – Expects FY Profits to be ahead of current market expectations.
First coverage here for me, looks good but I have no idea what current market expectations are, based on Stockopedia and Research Tree – Great, nice one guys, isolate us Private Investors why don’t you!
Shoe Zone (SHOE) – 164.5p – £82.1m – PER 10.0
Trading Update For The 52 Weeks To The 29th September 2018 – Expects to report Revenue up 1.8% to £161m (£157.8m last time), PBT to be ahead of market expectations at £11m+. Net Cash strong and expects to pay a Special Dividend, seems like about 5%. This year has started well.
Nice to see a “high street” retailer doing well, the Dividend (plus the Special Dividend) comes in at 10%+, even I am quite tempted to get off my Neutral stance here – Adding it to the Watchlist.
As always, all comment most welcome!