UK Stock Market News Today – 9-Nov-2018
Volex (VLX) – 85.1p – £122.5m – PER 9.88
Trading Update For The 12 Months To End December 2018 – Revenue up 13%, Underlying Diluted EPS up 24.9%, some uncertainties related to US Trade Tariffs (on China) but FY expected to be slightly ahead of market expectations.
This update may provide some tailwind but looks fairly priced around this level to me – I remain Neutral.
As always, all comment most welcome!