Morning all!
It's one of those unusual days with no news for me to comment on (for companies I usually invest or consider investing in).
So, happy weekend to all!
My morning smallcap tweet:
PHSC (LON:PHSC), Benchmark Holdings (LON:BMK)
PHSC (PHSC) FY trading. Rev £7m down 2% due to the previously announced closure of Adamson’s Laboratory Services Limited . EBITDA moves from small -ve to small +ve. Other ongoing costs of ALS’s closure include long-term leases for various services, plant and equipment plus Run-off insurance. Site sold for £150k over book netting £300k cash. No F/C available.
Benchmark (BMK) Acquisition of 49% interest in strategically important Chilean salmon breeding and genetics JV for a total cash consideration of $16.25m. V is expected to be immediately and continuously earnings accretive. Placing at 55p, an 8% discount.
