Churchill China (LON:CHH) has announced the appointment of a new Chief Executive:
http://www.investegate.co.uk/churchill-china-plc--chh-/rns/board-changes/201408150700081940P/
like Portmeirion, but with less strong brands, Churchill is one of those companies that is surprisingly successful. It pays a reasonable yield (around 3.3%) and is forecast to grow EPS ahead of inflation this year and next.
The other announcement that caught my eye this morning came from accountancy software firm Tungsten (LON:TUNG).
http://www.investegate.co.uk/tungsten-corp-plc--tung-/rns/update-on-debt-financing/201408150700072172P/
where the company discusses the actions it is taking to secure debt financing. This jarrs a little, as Tungsten came to the market less than one year ago. You might have expected that would have resulted in the company having the appropriate funds in place to support its plans. Maybe its markets have developed significantly since then and a change of plan is needed (not a crime, no-one's a clairvoyant here). The company has built a substantial private investor following so I hope that it succeeds.
That's your lot for the week! Great day all,
David O'Hara
Editor, AIM Prospector
