UK Stock Market News Today – 2-Nov-2018
System1 (SYS1) – 180p – £22.6m – PER 8.44
Interim Results For The 6 Months To End September 2018 – Revenue down 5%, PBT up 28% and 26% growth in Diluted EPS. There’s £3.55m Cash, down from £5.78m and the Interim Dividend is held at 1.1p but the Final Dividend may be reduced (depending on the scale of further investment in Ad Ratings and on opportunities to repurchase shares at an attractive valuation).
I still reckon that these guys may be able to sort their problems out but in the meantime I am going to remain on the side-lines.
As always, all comment most welcome!