Morning Brief – 8-Mar-2019

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Morning Brief Images 8-Mar-2019

UK Stock Market News Today – 8-Mar-2019

Morning all!

Goal Soccer Centres (GOAL) – 56p – £42m – PER 9.8

Trading Update – Ouch! New auditors, accounting errors, reviewing practices, FY results to be materially below, covenants exceeded – First 2 months of the year strong with a LFL increase (how the hell do they know!).

This is going on my Avoid list for now.

PCF (PCF) – 32p – £69.3m – PER 9.2

Trading Update – First 5 months in-line with management’s expectations.

Huge DEBT here but it is probably acceptable given the nature of the business. This remains on my Watchlist and I am quite tempted (if I can get my head round that Debt!).

As always, all comment most welcome!

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