Morning Brief – 21-Dec-2018

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Morning Brief Images 21-Dec-2018

UK Stock Market News Today – 21-Dec-2018

Morning all!

Focusrite (TUNE) – 472.5p – £274.6m – PER 26.2

AGM Statement And Trading Update – “When we announced our full year results on 20 November 2018, we commented that trading for the year to date was broadly similar to the prior year.  November 2018 was a strong month and our revenue for the financial year to date is now ahead of the comparative period last year”.

There’s still a lot to like here, the Net Cash, ROCE and Op Margin, for example. However, on a PER of 25+ for a company forecast for almost no EPS growth over the next 2 years, it’s not for me at present.

That’s probably it from me for this year so I will take this opportunity to wish you all a Merry Christmas and a Happy New Year!

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