Morning Brief – 23-Apr-2019

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Morning Brief Images 23-Apr-2019

UK Stock Market News Today – 23-Apr-2019

Morning all!

Angling Direct (ANG) – 67.5p – £43.6m – PER n/a

Trading Update – A new store has opened and sales growth has been robust with LFL up 29.5% in February and March.

Again no mention of profitability, they’re good at that (not mentioning it) – I remain uninterested until I see actuals.

Franchise Brands (FRAN) – 84p – £65m – PER 22.8

AGM Statement And Trading Update – System sales up 12.9% (a record quarter) – Looks forward to the remainder of the year with confidence.

Remains on my Watchlist and will be keeping an eye out for potential upgrades here.

STV (STVG) – 382p – £150m – PER 8

AGM Statement And Q1 Trading Update – In-line.

Attractive enough (5% or so yield) but still concerned about Netflix, etc. and potential cuts in advertising budgets, perhaps!

As always, all comment most welcome!

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