Morning Brief – 3-Aug-2018

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Morning Brief Images 3-Aug-2018

UK Stock Market News Today – 3-Aug-2018

Morning all!

S & U (SUS) – 2515p – £301.9m – PER 9.60

Trading Update – I am wondering if the person that wrote this even knows what he/she is trying to say! I think things are in-line.

I still quite like this and it was on my Watchlist at 2000p. For now though, because this latest update is clear as mud, I will go Neutral and keep an eye out for results.

Seeing Machines (SEE) – 11.55p – £258.8m – PER n/a

Trading Update For The 12 Months To End June 2018 – Revenue up 127% to A$30.7m (in-line with guidance) with Gross Margin below management expectations.

This loss maker still seems to be burning through the cash and I still can’t justify an investment here. Could be the next big thing, but on the other hand, maybe not. I think best case, if the technology is so great, it gets taken out.

Animalcare (ANCR) – 163.5p – £98.1m – PER 11.7

Trading Update For The 6 Months To End June 2018 – In-line and the CEO was changed a couple of days ago.

Poor growth forecasts, quite a lot of Debt, Below par ROCE and Op Mgn – I remain Neutral.

As always, all comment most welcome!

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