UK Stock Market News Today – 20-Sep-2019
Fulcrum Utility Services (FCRM) – 24p – £53m – PER 6.5
Results For The 12 Months To End March 2019 – Revenue up 20.4% to £48.9m (£40.6m), Adjusted PBT up from £7.9m to £8.6m with EPS down from 4.3p to 3.5p, Net Cash is down from £9.4m to £3.8m and the FY Dividend is up 7.1%.
This looks like a bit of a miss to me, I retain no further interest at present.
Keller Group (KLR) – 662p – £477m – PER 7
Trading Update – Reiterates FY Revenue to be broadly flat compared to last year, improved margins should improve Profit, dependent on usual timing of large contracts.
Still remains unattractive to me especially when taking into account that Debt level and the “dependent on usual timing of large contracts”.
Manolete Partners (MANO) – 485p – £211m – PER 23
AGM Statement – Invested in 60 new cases (59) and completed 18 (12).
I am Long here and this looks OK to me, I will see how the market takes it.
StatPro (SOG) – 149p – £98m – PER 18
Recommended Cash Offer – For 230p.
An excellent result for share holders.
As always, all comment most welcome!