Morning Brief – 3-Sep-2018

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Morning Brief Images 3-Sep-2018

UK Stock Market News Today – 3-Sep-2018

Morning all!

Vertu (VTU) – 49.25p – £186.8m – PER 8.75

Trading Update – In-line.

I remain Neutral here as it looks, perhaps, about fairly priced and I remain cautious about the sector in general.

Future (FUTR) – 424.5p – £345.5m – PER 18.4

Trading Update For The 12 Months To End September 2018 – FY EBITDA to be ahead of current market expectations. All core areas continue to show good revenue growth.

Still remains on my Watchlist (400p) – Didn’t take the Entry recently, maintaining some Cash – Remains on the Watchlist for now.

Footasylum (FOOT) – 84p – £87.8m – PER 16.4

Trading Update For The 6 Months To 25th August 2018 – Revenue up 18.5% but will report an EBITDA loss (due to margins and costs). Expects FY revenue growth to be below current market expectations with EBITDA to be significantly lower (ouch!).

Can’t do much more than remain Neutral here.

As always, all comment most welcome!

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