Morning all!

Alfa Financial Software ( £ALFA ) – 93p – £280m – PER 14

Trading Update For H1 – Warns FY Profit to be significantly below expectations.

Ouch! I will be avoiding this for some time.

Angling Direct ( £ANG ) – 60p – £39m – PER 334

Summer Trading Update – UK store number 30 opened, summer trading up 13.3% in-store and 26.7% on-line.

These guys never (from memory) mention profit in their updates – Until they do so, well, it’s quite tricky to change ones view.

Finsbury Food ( £FIF ) – 65p – £85m – PER 7

Results For The 12 Months To End June 2019 – Revenue up 4% LFL to £315.3m, PBT up 203% to £13.6m, EPS up 329% to 7.3p and the Dividend is up 6.1% to 3.5p.

With Net Debt standing at £35.6m that’s just way too much for my liking.

As always, all comment most welcome!

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