Morning All!

Accrol Group ( Accrol Group (LON:ACRL) ) – 36p – £46.4m – PER n/a

Unaudited Interim Results For The 6 Months To End October 2017 – Operating loss of £5.7m compared to an Operating Profit of £3.9m last time. Revenue up 13.1% to £72.3m (£63.9m last time), Net debt is up £9.4m to £29.3m. New CEO believes “that the capabilities of this business are significant and, if well managed, it can deliver a considerably improved performance in the medium term”. Still expects a small loss (adjusted EBITDA) this year but expects to operate within its borrowing covenants while work on the turnaround continues. And, the CFO has gone, surprised?

I just can’t get interested here.

Goals Soccer Centres ( Goals Soccer Centres (LON:GOAL) ) – 77p – £57.9m – PER 9.43

Trading Update For The 12 Months To End December 2017 – Sales flat and the Board anticipates profits for 2017 will be broadly in line with the lower end of market expectations. The search for a new CEO is at an advanced stage.

Hardly inspiring stuff!

DESCRIPTION – Operator of 5-a-side soccer centers across approximately 50 centers in the United Kingdom and 3 in the United States.

Revolution Bars ( Revolution Bars (LON:RBG) ) – 168p – £84.0m – PER 10.8

Trading Update For The 26 Weeks To 30-Dec-2017 – Revenue for the period up 10.6% (£73.7m), Christmas period LFL up 5.9%. And, here’s a bit of honesty – “Directors believe that the 27 weeks to 6 January 2018 provides a better benchmark for underlying performance.  LFL sales during the 27 weeks to 6 January 2018 were up 1.9%”. Expects FY to be in-line.

I hold here and continue to do so. Fundamentals seem fine to me and of course there’s still that prospect of a bid North of 200p.

Connect ( Connect (LON:CNCT) ) – 105.6p – £261.5m – PER 6.57

Trading Update For The 19 Weeks To 13-Jan-2018 – Revenue down 3.5% to £564.5m, decline of newspaper and magazine sales greater than the revenue growth in Mixed Freight and Pass My Parcel (PMP). Expects FY adjusted…

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