UK Stock Market News Today – 26-Jan-2018
Arena Events (ARE) – 61.5p – £70.5m – PER 15.0
Trading Update For The 12 Months To End December 2017 – “Maiden full year results in line with expectations”, the CEO states “We made strong progress in 2017, growing the business organically, commencing trading on AIM in July and declaring our maiden interim dividend in September. As a management team, we continue to evaluate a number of acquisition opportunities which we believe will further contribute to the growth of our business. The board continues to remain confident in the prospects for the Group”. Net Debt expected to be £11.5m.
Forecasts look OK here but I still can’t work out if this is investible or not (cannot find any broker updates). I will remain Neutral for now.
Watchstone (WTG) – 103.5p – £47.6m – PER n/a
Trading Update For The 12 Months To End December 2017 – Expected to be “broadly” in-line with expectations.
There’s an ongoing SFO investigation and legal battle here and with that in mind, there’s certainly not enough to attract me here.
A good weekend to all!