UK Stock Market News Today – 20-Feb-2019
Gooch & Housego (GHH) – 1485p – £370.7m – PER 22.5
AGM Trading Update – First 4 months has seen a downturn in demand, expecting FY to show low single digit growth compared to last year.
According to my notes all round Revenue, PBT and EPS of circa 15% was expected here. Could perhaps be due a decent fall here today!
McBride (MCB) – 130p – £238m – PER 8.2
Trading Update For The 6 Months To End December 2018 – Revenues up 6% but pressure on the cost base means the Board expects FY Adjusted PBT to be 10% – 15% lower than last year.
Clues were all there with a statement 6 weeks ago mentioning H2 weighting, remaiins on my Avoid list.
As always, all comment most welcome!