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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