UK Stock Market News Today – 17-Apr-2019
Dialight (DIA) – 452p – £147m – PER 12.7
Trading Update – A strange update that doesn’t actually say much.
I take updates that don’t really say much as bad news so that means this will remain on my Avoid list for now.
Pendragon (PDG) – 25p – £350m – PER 8.9
Interim Management Statement For The 3 Months To End March 2019 – Revenue up slightly, margins down, made a Underlying LBT of -£2.8m (£10m lower than expectations) – Operational review in progress.
Still cannot get interested here (or in the sector in general) yet.
Zoo Digital (ZOO) – 55p – £41m – PER 28
Trading Update For The 12 Months To End March 2019 – Revenue to be in-line ($29m), H2 EBITDA to be break-even (H1 $0,5m), Net Cash of $1.8m.
Even well of it’s highs there’s still not enough to get me any more interested here yet.
As always, all comment most welcome!