UK Stock Market News Today – 30-Apr-2019
Focusrite (TUNE) – 517p – £300m – PER 28.5
Interim Results For The 6 Months To End February 2019 – Revenue up 4.1%, PBT up 22.6%, EPS up 23.6%, Net Cash at £26.2m and the Interim Dividend is up 20%.
Still lots to like here and these are impressive results but I do reckon it’s fairly valued here.
Park Group (PARK) – 75.5p – £141m – PER 12
Trading Update For The 12 Months To End March 2019 – Trading ahead of expectations, but due to new IFRS15 reporting PBT to be marginally below market expectations. Will also be moving costs and other one off costs this year.
I am as keen here today as I was yesterday, not for me at present. Could be OK as an income play (4%+ Yield and decent Net Cash, although there’s no mention of it in this update, which is weird considering it’s significance), perhaps!
Solid State (SOLI) – 465p – £39.5m – PER 13.5
Trading Update For The 12 Months To End March 2019 – Revenue ahead of expectations (£56m), PBT to be slightly ahead of recently upgraded market consensus of £3.5m.
Looks quite good, will be keeping an eye out for updated Broker notes here today.
As always, all comment most welcome!