UK Stock Market News Today – 8-Mar-2019
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!