Morning Brief – 16-Nov-2018

0
5935
Morning Brief Images 16-Nov-2018

UK Stock Market News Today – 16-Nov-2018

Morning all!

Eagle Eye Solutions (EYE) – 124p – £31.6m – PER n/a

AGM Statement –Q1 Revenue up (26%) and EBITDA Loss is narrowing.

Not enough in that statement to take me away from Neutral.

Trakm8 Holdings (TRAK) – 64.5p – £23.4m – PER 6.9

Unaudited Results For The 6 Months To End September 2018 – Ouch! Revenue down -38%, Big Loss (-£2.45m) versus a Profit last time (£0.36m), Net Debt more than doubled (to £5.73m) and Adjusted Basis EPS is negative (positive last time). Revenue this year expected to be 20% or so below FY 2018 and a Loss is expected.

I have never been able to get excited about this company and I remain Neutral – Providing coverage (below my usual £30m Market Cap limit) only because it was worth 5x more than this not so long back (2 years or so).

As always, all comment most welcome!

Advertisement
PPPR Session Banner