Morning Brief – 2-Oct-2019

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Morning Brief Images 2-Oct-2019

UK Stock Market News Today – 2-Oct-2019

Morning all!

AB Dynamics (ABDP) – 2170p – £487m – PER 40

Trading Update For The 12 Months To End August 2019 – Strong H2, expects to report Revenue and PBT that exceeds market expectations.

Still think it’s overvalued but I have been calling it wrong here for a long time, since about 800p at the end of 2017.

Kin And Carta (KCT) – 81p – £124m – PER 9

Results For The 12 Months To End July 2019 – Revenue, Adjusted PBT and EPS all down slightly, Net Debt up a lot to £38.4m (£26m), FY Dividend maintained at 1.95p.

No reason for me to look any further here at present.

Topps Tiles (TPT) – 69p – £136m – PER 11

Trading Update For The 12 Months To End September 2019 – Revenue expected to be flat with PBT in the range of current market estimates (£15.5m to £16m).

Still not enough here to get me any more interested even though there is a 5% or yield on offer.

As always, all comment most welcome!

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