UK Stock Market News Today – 25-Feb-2019
Quartix Holdings (QTX) – 243p – £116m – PER 21
Final Results For The 12 Months To End December 2018 – Revenue up 5%, PBT up 22%, Diluted EPS up 16% (14.19p), Net Cash down by about 10% and, strangely, the Dividend is down about the same amount.
I still don’t see value here or the reason for such a high rating – I still feel I am perhaps missing something, hopefully not!
Tristel (TSTL) – 302p – £134m – PER 26.6
Interim Results For The 6 Months To End December 2018 – Revenue up 12%, PBT up 20%, Interim Dividend up 28%, Net Cash level down slightly. Sales growth has been in the middle of the target range in H1, no real view on H2 or FY.
I still don’t see how this is so highly rated.
As always, all comment most welcome!