Morning Brief – 26-Jul-2019

Morning Brief Images 26-Jul-2019

UK Stock Market News Today – 26-Jul-2019

Morning all!

Mothercare (MTC) – 20p – £67m – PER 17.8

Q1 Trading Update – FY PBT to be “broadly comparable to the prior year, inclusive of an estimated negative impact of £2 million of adopting IFRS16”.

For reasons I have mentioned many times previously I reman uninterested here.

Safestyle UK (SFE) – 66p – £55m – PER 15.5

Trading Update For The 6 Months To End June 2019 – “Remains on track to deliver a small profit for the full year which is in line with current market expectations”.

Remains unclear (to me at least) how this will turn out, have to wait to see FY actuals before having any kind of further interest. Based on the latest Broker note this morning, in my opinion, this looks undervalued on a 1 Year and way undervalued on a 2 Year view – However, this is based on returning to positive EPS again in 2019E (from 2018A negative) – Wait for actuals.

As always, all comment most welcome!

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