UK Stock Market News Today – 20-Apr-2018
Bonmarche Holdings (BON) – 92.9p – £46.5m – PER 6.19
Trading Update For The 12 Months To End March 2018 – FY Revenue down slightly, Gross Margin resilient and PBT to be in-line – That looks like a whopping 40% or so increase on 2017 but stillbelow 2015 and 2016. On-line strong, Stores disappointing. Market to remain difficult but expects to drive further progress this year. No mention of the Dividend.
Doesn’t look too bad to me. If there was a positive update on the Dividend I would have been tempted – For now I will remain Neutral.
Note: Record (REC) issued a Q4 Trading Update – I have not covered this in any detail as it’s in the “Too hard for me pile”. A quick look and it doesn’t look too great, AUME down 2.7% – But what do I know!
As always, all comment most welcome – Have a great day (and weekend)!