UK Stock Market News Today – 13-Dec-2018
Bonmarche Holdings (BON) – 80.5p – £40.3m – PER 8.35
Trading Update – Black Friday blamed, Brexit blamed, sales down – Will not recover until end of March 2019. PBT to be break-even at best up a loss of -£4m. Cautions on progressive dividend policy even though says it has enough cash to see it through (for now).
The last update stated “FY to be in-line IF Black Friday and Christmas go well”, I commented “a decent yield… Still a tough call to get involved especially if Black Friday and Christmas do not deliver”. Caution pays sometimes!
Koovs (KOOV) – 8.85p – £31.5m – PER n/a
Interim Results For The 6 Months To End September – Raised £45m but it seems it’s the only thing on the up. ”The Group has begun to rebuild stock levels and resume marketing activities, delivering encouraging green shoots”.
My daughter can deliver encouraging green shoots with some seeds, water, cotton wool and a bit of sunlight. Will be interesting to see who’s look better in a few months time!
Nanoco (NANO) – 37.2p – £106.4m – PER n/a
AGM Statement – Trading in the first 4 months of the year means confident of meeting FY targets.
Will wait to see how the results for this current loss maker come in – Most unlikely I will be getting involved until it first proves it can make a profit.
RhythmOne (RTHM) – 177.2p – £139.3m – PER 3.71
Unaudited Results For The 6 Months To End September 2018 – Revenue up 53% and Loss greatly reduced. Trading is considered to be in-line.
Remains a case (for me) of waiting to see a FY profit here (perhaps this year!).
As always, all comment most welcome!