Morning all!
S & U ( S&U (LON:SUS) ) – 2100p – £253.4m – PER 8
Trading Update For The 12 Months To End January 2019 – FY in-line.
Still tempting but just not enough!
Stride Gaming ( Stride Gaming (LON:STR) ) – 102p – £77m – PER 6.4
AGM Statement And Trading Update – Trading broadly in-line against challenging conditions.
Remains on my Avoid list (easier shares out there for me to understand and have faith in).
As always, all comment most welcome!
My morning smallcap tweet: Interserve expects eightpence equity avalanche.
Interserve (LON:IRV), WH Ireland (LON:WHI), Onthemarket (LON:OTMP), Personal Group (LON:PGH), Atlas Mara (LON:ATMA)
Interserve (IRV) Deleveraging Plan - expect 40x dilution. c.£480m new equity. No issue price stated but I make that about 8p, a 38% discount.
W H Ireland (WHI) warns FY exceptional costs higher than originally expected. Blames 'significant' one off expenses in transformation strategy.
OnTheMarket (OTMP) says UK property stock now over 80% of Zoopla's and c. 60% of Rightmove's. Offering equity to agents converting from free to paid listings. Up to 37% dilution envisaged.
Personal Group (PGH) £3m acquisition, leaving CEO replaced internally.
Atlas Mara (ATMA) undertaking a review of strategic options and assessing indications of interest for certain banking assets. Will cut exposure in non-core markets, explore potential strategic partnerships; selectively expand into new scalable markets and/or increase the depth and scope of financial services offered. Lots more too. Lots of strategic words
