UK Stock Market News Today – 18-Oct-2018
Tatton Asset Management (TAM) – 267p – £149.3m – PER 21.2
Trading Update For The 6 Months To End September 2018 – AUM up 16.3% and trading in-line with the Board’s FY expectations.
First coverage for me and actually popped up on my Technical screen a month or so ago. Looks interesting enough although perhaps fairly priced here. If I did not already own Miton (MGR) I may be more interested, for now it will go on my Watchlist.
Zytronic (ZYT) – 425p – £68.2m – PER 13.4
Trading Update For The 6 Months To End September 2018 – FY Revenues in-line, PBT (£4.2m – £4.5m) below market expectations.
Not sure how much of a miss this is, looks like it could be about 20% – Anyway, it’s enough for me to remain Neutral for now.
As always, all comment most welcome!