UK Stock Market News Today – 7-Oct-2019
Angling Direct (ANG) – 59p – £38m – PER 239
Interim Results For The 6 Months To End July 2019 – Revenue up 21%, Gross Profit up 18%, on target to meet FY expectations.
Will wait to see how the FY looks.
Franchise Brands (FRAN) – 83p – £65m – PER 21
Acquisition And Trading Update – Buys company to compliment Metro Rod, £4m cash and the issue of £1m new shares at 82.5p each, will be significantly earnings enhancing. Trading Update seems positive but no guidance on FY.
Still quite like this and will keep an eye out for Broker updates, always been tempted here but never hit the Buy button.
Ramsdens Holdings (RFX) – 194p – £60m – PER 10
H1 Trading Update – H1 in-line, sold some Gold stock for one off £600k Gross Profit, confident for FY.
Still looks quite attractive and a stock I will probably be a buyer of in any general market downturn.
As always, all comment most welcome!