UK Stock Market News Today – 4-Jul-2018
Staffline (STAF) – 933p – £260.7m – PER 7.92
I remain Neutral.
Mattioli Woods (MTW) – 795p – £208.0m – PER 19.4
Trading Update For The 12 Months To End May 2018 – Strong organic revenue growth 15%+, EBITDA margin ahead of 20% target, recent acquisitions performing well with Net Cash of £20m+.
Still quite like this but not enough for a conviction to buy – I remain Neutral.
Topps Tiles (TPT) – 63p – £121.9m – PER 9.25
Trading Update For The 13 Week Period To 1 July 2018 – LFL Revenue down 2.3% – This seems not to be below forecasts (which seems to be a slight FY increase).
I will remain on the side-lines (Neutral) here.
Churchill China (CHH) – 980p – £107.5m – PER 15.8
Trading Update For The 6 Months To End June 2018 – Expects trading to be ahead of earlier expectations.
I remain Neutral as I see this fairly priced, perhaps even over priced on anticipation of a bid (for the brand name)?
Gresham Technologies (GHT) – 197p – £133.2m – PER 28.7
Trading Update For The 6 Months To End June 2018 – LFL Revenue down 5%, expecting a strong H2.
This is coming off my Watchlist – Neutral now.
As always, all comment most welcome!