UK Stock Market News Today – 21-Dec-2018
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!