9th Sep


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My email to Somero: "There is a lot of confusion and conflicting information on the forums about why bad weather would cause such a dramatic loss in revenue, and furthermore, scepticism about how the revenue drop in Europe/Middle East and lacklustre performance in China are unrelated. Is it possible to give some more reassurance here about the causes?" Their response: "Thanks for getting in touch.…

No one is saying it is a one off and you can't also trust Somero's weather forecasting abilities for the same time next year. But what you can trust and no for d*mn sure is that Somero are going to be investing in ways to ensure their clients' projects are prepared for bad weather. The construction industry is not going to start selling less construction…

I'm waiting at least another quarter for the results of their cost-savings initiative. Seems like it will disappoint again.

Well then we can assume there was no good news at t - 31!

Started tracking CNCT a week ago and it is down 14.6% from 76p to 65p after confirmation of the failed sales process, a loss in market cap of £30m – so 2.56 times the expected sale price of the Books division. Food for thought.

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