UK Stock Market News Today – 7-Feb-2019
Gattaca (GATC) – 111p – £35m – PER 4.6
Trading Update For The 6 Months To End January 2019 – Net fees up 2% with Net Debt down from £36m to £29m – FY in-line.
In this environment that Net Debt (coupled with pedestrian growth (reflected in the PER)) means I will be keeping this on my Avoid list for now.
On The Beach (OTB) – 440p – £577m – PER 16.7
AGM Trading Update For The 4 Months To End January 2019 – In-line with Revenue up 20%+.
This looks encouraging enough (30%+ off it’s 52 Week High), I will keep an eye out for Broker updates here.
Superdry (SDRY) – 508p – £416m – PER 8
Q3 Trading Update – In-line.
1st coverage here and need to do a little more research (almost 50% off it’s 52 Week High) although not much tempted to the retail sector at present.
As always, all comment most welcome!