UK Stock Market News Today – 3-Oct-2019
CMC Markets (CMCX) – 106p – £307m – PER 15
Trading Update For The 6 Months To End September 2019 – Revenue growth strong (mainly due to white label partnerships in Australia), confident FY Operating Income (Revenue I assume) wll exceed £170m and PBT will increase.
This looks quite good and perhaps there is still value to be had here, I will wait to see how the FY actuals look.
Speedy Hire (SDY) – 52p – £271m – PER 9
Trading Update For The 6 Months To End September 2019 – Looks reasonable and expects FY PBY to be in-line with the Board’s expectations.
Seems to be going rather well but just not well enough for me to be more interested just yet, any slow down could hurt this leveraged business quite a lot, I reckon.
Zotefoams (ZTF) – 535p – £258m – PER 26
Trading Update – Warns but not sure of the impact, doesn’t look too good though.
Never seen value here, perhaps now I will.
As always, all comment most welcome!