Morning Brief – 9-Oct-2019

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Morning Brief Images 9-Oct-2019

UK Stock Market News Today – 9-Oct-2019

Morning all!

Codemasters Group (CDM) – 212p – £298m – PER 17

Trading Update For The 6 Months To End September 2019 – As a result of the strong performance in H1, expects FY to be in-line.

I would love to back one of the winners in this space, I am just not sure it’s Codemasters though, will keep an eye out for any updated Broker notes though.

Redcentric (RCN) – 86p – £128m – PER 17

Trading Update For The 6 Months To End September 2019 – H1 in-line, no mention of FY expectations, remains focused.

Still interested in seeing FY actuals here but am not tempted ahead of that.

Vertu Motors (VTU) – 33p – £120m – PER 7

Interim Results For The 6 Months To End August 2019 – Resilient H1, on track to meet FY expectations.

I still remain cautious regarding the industry and am still an observer here.

Volution (FAN) – 169p – £335m – PER 11

Results For The 12 Months To End July 2019 – Revenue up 14.6% with Adjusted PBT up 11.5% and EPS up 10.3%, the FY Dividend is up 10.4%.

Some value here perhaps but not enough for me.

As always, all comment most welcome!

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