UK Stock Market News Today – 22-May-2019
Boku Inc (BOKU) – 131p – £320m – PER 57
Having attended the presentation at Mello I bought in here. Not my usual purchase as it required faith in growth kicking in in 2 years time, this update and other 2 annoucements seem quite reassuring.
Medica Group (MGP) – 152p – £169m – PER 17.7
AGM Statement And Trading Update – 2019 started well, trading in-line, expects FY to be in-line. CEO replacement annouced, seems smooth and friendly.
Looks about fairly priced here (at best) based on the Stockopedia forecasts.
Volvere (VLE) – 1125p – £35m – PER 16.4
Results For The 12 Months To End December 2018 – A steady ship – To quote the CEO “Group net assets at record £40.4m and £34.1m of cash. What is not to like” – NAV is £12.50.
I sold out here last wondering what they were going to do with the cash pile – Should have been more patient!
As always, all comment most welcome!