UK Stock Market News Today – 16-Sep-2019
Alfa Financial Software (ALFA) – 93p – £280m – PER 14
Trading Update For H1 – Warns FY Profit to be significantly below expectations.
Ouch! I will be avoiding this for some time.
Angling Direct (ANG) – 60p – £39m – PER 334
Summer Trading Update – UK store number 30 opened, summer trading up 13.3% in-store and 26.7% on-line.
These guys never (from memory) mention profit in their updates – Until they do so, well, it’s quite tricky to change ones view.
Finsbury Food (FIF) – 65p – £85m – PER 7
Results For The 12 Months To End June 2019 – Revenue up 4% LFL to £315.3m, PBT up 203% to £13.6m, EPS up 329% to 7.3p and the Dividend is up 6.1% to 3.5p.
With Net Debt standing at £35.6m that’s just way too much for my liking.
As always, all comment most welcome!