Morning all!
Superdry ( Superdry (LON:SDRY) ) – 424p – £348m – PER 10
Trading Update For The 26 Weeks To 26 October 2019 – Revenue down -11.3%, cautious about challenging environment.
Looks like potential value here given the yield and forecast growth (if maintained) but need to see FY actuals.
As always, all comment most welcome!
My morning smallcap tweet: TheWorks warns
Works co uk (LON:WRKS), Hansard Global (LON:HSD), Arsenal Holdings (OFEX:AFC), SysGroup (LON:SYS)1, TI Fluid Systems (LON:TIFS)
TheWorks.co.uk (WRKS) guides FY pretax significantly below current market expectations. H1 rev LFL down 3.6%.
Hansard Global (HSD) Q1 Present Value of New Business Premiums up 10%. Growth largely from new business in the UAE. In line?
AFC Energy (AFC) When 'disruptive' gets tired, wheel out 'truly disruptive'. Update on progress of the truly disruptive HydroX-Cell(S) fuel cell.
System1 (SYS1) H1 rev up 4%, pretax up 35%. Normalised pretax up 26%. "H1 sales growth is not yet on the trajectory we are aspiring to." Waffle for warning?
In line: TI Fluid Systems (LON:TIFS)
