Morning Brief – 16-Oct-2019

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Morning Brief Images 16-Oct-2019

UK Stock Market News Today – 16-Oct-2019

Morning all!

Augean (AUG) – 118p – £123m – PER 10

Trading Update – Strong Q3 means FY Profit will be materially ahead of current consensus of Adjusted PBT of £16.5m.

I have been put off here for almost 2 years, since 27p, due to the HMRC concern, a costly concern I now put down to one that got away!

Loungers (LGRS) – 199p – £185m – PER 21

Interim Results For The 6 Months To End June 2019 – Revenue up 22% (5.4% LFL), well placed to continue to outperform the market.

A recent IPO currently trading well below it’s issue price – I would suggest without any guidance on FY or mention of Profit, it will remain that way for now.

Tristel (TSTL) – 293p – £131m – PER 28

Results For The 12 Months To End June 2019 – Revenue up 18%, PBT up 19% (before share based payments!), Adjusted EPS up 21%, FY Dividend up 21%, Net Cash at £4.2m,

I still quite like this but still reckon it’s about fairly priced around this level, I could be wrong!

As always, all comment most welcome!

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