Morning Brief – 26-Sep-2019

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Morning Brief Images 26-Sep-2019

UK Stock Market News Today – 26-Sep-2019

Morning all!

Alpha Financial Software (ALFA) – 79p – £236m – PER 12

Interim Results For The 6 Months To End June 2019 – Revenue down -6%, Profit and EPS down circa -40%.

Remains on my Avoid list for now.

Equals Group (EQLS) – 99p – £177m – PER 16

Interim Results For The 6 Months To End June 2019 – Revenue up 21%, Adjusted PBT up 15.4%, expects FY in-line.

I am Long here and this seems positive enough to me.

Pelatro (PTRO) – 76p – £25m – PER 6

Interim Results For The 6 Months To End June 2019 – Revenue up 14%, EPS up 15%, FY to be in-line.

There’s a lot to like but I just have some spidey senses tingling here, enough to keep me away.

Sumo (SUMO) – 165p – £249m – PER 25

Interim Results For The 6 Months To End June 2019 – On track to meet consensus market forecasts for FY.

Based on forecasts I don’t currently see enough value here to tempt me.

Xpediator (XPD) – 26p – £35m – PER 6

Interim Results For The 6 Months To End June 2019 – Revenue up 29.8%, Adjusted PBT down circa -20% (expects FY no less than £5m, think this is about in-line with forecasts), Adjusted EPS is down circa -30%. Believes a Hard Brexit offers potential for significant profits (from custom processes).

There’s just too much uncertainty here and I am not interested at present.

As always, all comment most welcome!

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