UK Stock Market News Today – 7-Jun-2019
First off all, I have posted my Monthly Recap for June here – Covering all my purchases and sales in the month of May.
Secondly, I have posted my Parity PEG Price Reports for June here (free sign up required to access) – Covering 20 stocks updated in the month of May.
Onto this morning…
Somero (SOM) – 355p – £200m – PER 11.1
Trading Update For The 5 Months To End May 2019 – Trading below management expectations (adverse weather conditions) – Expects Revenue of about $87m, EBITDA of about $28m with Net Cash at 31 December 2019 of about $18m.
Not sure how much of a miss this is but it looks like about 15% or so on the Revenue side. Quality company but I considered it overvalued previously so looks like I will be sitting on the side-lines for a bit longer now. Or this may present a buying opportunity – Perhaps!
As always, all comment most welcome!