UK Stock Market News Today – 27-Jul-2018
Gear4music Holdings (G4M) – 658p – £137.8m – PER 50.5
AGM Trading Update – Distribution centre relocation and upgrade on-track – Confident of meeting FY expectations (as Revenue growth is strong in a highly competitive market (strange to mention this, they know it already and so do we)).
Having dropped from a PER of 60+ I am pondering whether this is looking more attractive now. I think it is and if this update was more upbeat it would have made it even more so – I will remain Neutral and keep an eye out for that Trading Update in September.
Scientific Digital Imaging (SDI) – 40.5p – £36.3m – PER 17.8
Final Results For The 12 Months To End March 2018 – Revenue up 35% to £14.5m (2017: £10.7m) with Adjusted PBT up 70%+ by £991,000 to £2,300,000 (2017: £1,309,000).
I have not looked at this before but it has recently appeared on my Standard Tech Screen. I like the look of this update and may well look to take an opening position here. If not it will go on my Watchlist.
As always, all comment most welcome!