UK Stock Market News Today – 3-Aug-2018
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!