UK Stock Market News Today – 2-Oct-2019
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!