UK Stock Market News Today – 16-Apr-2019
Discoverie (DSCV) – 416p – £300m – PER 14.3
Trading Update For The 12 Months To End March 2019 – FY to be in-line.
I see forecast single digit growth for next year and there’s a fair amount of Net Debt here – Enough to keep me away for now.
Flowtech Fluidpower (FLO) – 122p – £73m – PER 7.4
Results For The 12 Months To End December 2018 – Revenue up 42%, Underlying PBT in-line with market expectations (up from £8.68m to £10.68m) with EPS down from 9.69p to 8.34p. The Dividend is up 5% and Net Debt is up from £14.9m to £19.9m.
An ex-holding of mine and not yet tempted to get back in – Will however be interested to see those 2019E and 2020E estimates following this update.
Telit Communications (TCM) – 170p – £215m – PER n/a
Results For The 12 Months To End December 2018 – Revenue up 14%, LBT down from -$56.8m to $39.8m, Net Debt up from $30.2m to $34m.
Remains on my Avoid list until I see a Profit coming through.
As always, all comment most welcome!