UK Stock Market News Today – 9-Oct-2019
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!