I Read The News Today Oh Boy! 20-Apr-2018

20th Apr '18 by matylda

6 comments 3172 reads

Morning all!

Bonmarche Holdings ( Bonmarche Holdings (LON: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 still below 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 ( Record (LON: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)!

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MrContrarian

20th Apr '18

My morning smallcap tweet: Symphony sings its praises on Sky. Is that worth an RNS?

Omega Diagnostics (LON:ODX), Mobile Streams (LON:MOS), Amphion Innovations (LON:AMP), Symphony Environmental Technologies (LON:SYM), Leaf Clean Energy Co (LON:LEAF)

Omega Diagnostics (ODX) as signed a global distribution agreement with Immunodiagnostic Systems Limited for its Allersys range of allergy assays. "Whilst we expect modest sales growth in the short term as we work together to further expand our menu, we are excited that with our development capability and IDS instrument and commercial expertise we can make a significant difference within the Allergy testing market."
Mobile Streams (MOS) has to give 18% disc to a raise a measly £105k.
Amphion Innovations (AMP) two NEDs inc chmn scarper with immediate effect. CEO thanks them (for their service, not for leaving).
Symphony Environment (SYM) dep. chmn was interviewed on Sky News yesterday "in response to the announcement that the UK Government are considering banning single use plastic items such as plastic straws, stirrers and cotton buds." And this isn't even an RNS Reach (non-price sensitive news)!
Leaf Clean Energy (LEAF) wins only $1 damages in its claim against Invenergy Wind. Makes NAV 28.17p/sh. Chmn extremely disappointed in the judgement.

AnonymousUser226237

Bonmarche Holdings (LON:BON) looking quite good, one of my holdings after its recent drop. Dividend yield at 5.5%, impressive net cash and a healthy online footprint growth will make this one of the retail winners in my opinion.

MiserableJacktPotato

Well Symphony Environmental Technologies (LON:SYM) 's share price is up 8% - but it's a chicken and egg situation imo. Did the RNS cause the rise, or was the rise going to happen anyway based on the interview that not everyone might be aware of.

mrosbiston

it's certainly going through a volatile phase the last couple of weeks - company also taking the opportunity to drum up plenty of publicity.

andrea34

There's a reasonably promising update from Distil (LON:DIS) this morning:

Distil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka, is pleased to announce that another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets, further increasing the brand's presence and availability throughout the UK.

We are also pleased to report continued strong growth in sales volumes and revenues during the fourth quarter (January - March 2018). Unaudited year-on-year fourth quarter revenues rose by 28% and volumes grew by 37%. Growth in volumes ahead of revenues reflect the continued growth in Licensed sales for Blavod Black Vodka, mainly through Europe and Duty free.

The Company anticipates full year performance for year ended 31 March 2018 to be in line with market expectations and we look forward to reporting our audited full year results in June 2018.

I don't consider there is any other reason for a rise in the Symphony Environmental Technologies (LON:SYM) share price, as it was down the last couple of days. As Mr Contrarian said, this is not worthy of RNS news, and in a sense the same could be said of the news only a fortnight ago, which although related to the company's operations is not reporting on them in itself. The company seems to be grabbing at any news it can to try and prop up the share price - maybe they are worried about something....

I Read The News Today Oh Boy! 20-Apr-2018

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Matylda

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