UK Stock Market News Today – 30-Sep-2019
Altitude (ALT) – 46p – £32m – PER 3.5
Interim Results For The 6 Months To End June 2019 – Revenue up 43%, Loss up from -£0.7m to -£0.9m, Net Cash at £3.5m, US profitable and self funding. The Board remains confident.
I am still Long here and should have really sold out after the recent warning, having fell asleep at the wheel, at present, I remain involved.
Christie (CTG) – 103p – £27m – PER 9
Interim Results For The 6 Months To End June 2019 – Revenue flat, Operating Profit down from £2m to £1.5m (in-line), Interim Dividend maintained, anticipating a stronger H2.
I am not interested in getting involved here until I see at least an update on FY.
Nasstar (NASA) – 11p – £64m – PER 22
Interim Results For The 6 Months To End June 2019 – Revenue up 2% (90% recurring), Adjusted PBT and EPS in-line with last year. Cautious but expects to meet management expectations for the FY.
There’s not enough for me to be interested any further here at present.
As always, all comment most welcome!