Hobson: The Stock Market Doesn't Always Get It Right

THE WEEK: Morningstar columnist Rodney Hobson says the stock market doesn't always get it right, as this week's share price movements for Vodafone and Compass show

Rodney Hobson 17 May, 2019 | 9:45AM

Vodafone

One of the joys of stock market investing is to see a company get up off its knees and go places, so you really have to take your hat off to management at catering group Compass (CPG), where one great set of results follows another.

On an underlying basis, revenue at the contract catering firm was up 6.6% in the six months to March 31, operating profits 5.8% and earnings per share 6.5%. Strong free cash flow means that a rise of 6.5% in the dividend can easily be afforded.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Compass Group PLC1,055.00 GBX-1.26
Vodafone Group PLC103.00 GBX-0.48

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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