UK Stock Market News Today – 29-Oct-2018
I Read The News Today Oh Boy! 29-Oct-2018
Lok’n Store (LOK) – 374p – £110.4m – PER 29.7
Preliminary Results For The 12 Months To End July 2018 – Revenue up 6.6 %, PBT up 34.3%, Total Dividend up 10% – 3 new stores opened this year, 3 planned for next and 5 new sites secured.
Still quite tempted here but just not quite enough to move from Neutral yet.
Warpaint London (W7L) – 205p – £157.3m – PER 12.6
Trading Update For The 12 Months To End December 2018 – Expects Revenue of £48m – £52m and PBT of £6m – £7.5m (after exceptionals!) – Challenging UK market. This looks like quite a miss as I have £12.4m as a PBT estimate for the year, Revenue £55m.
I am Long here but will be considering an exit here this morning.
Gordon Dadds (GOR) – 181.5p – £52.2m – PER 12.5
Statement Regarding Merger – Agrees to buy Ince & Co International LLP and its affiliated entities to create the UK’s largest listed law firm by revenue. Trading for the 6 months to end September are in-line and shares will remain suspended until final terms on the merger are clarified.
This seems like good news – I am Long here and will remain so for now (cause I can’t even sell at the moment anyway!).
Gama Aviation (GMAA) – 152p – £96.7m – PER 6.45
Trading Update For The 12 Months To End December 2018 – From FY expectations being unchanged just 1 month ago it now seems FY Underlying Operating Profit will miss by $3m – I am guessing that’s a 30% – 40% miss (hard to spot that a month ago I guess!).
Would have to do a lot to earn some trust and respect back here – I remain Neutral.
As always, all comment most welcome!