Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has announced results for its half-year ended 26th September 2021 and emphasises “continued buoyant current trading ahead of management’s expectations”. Sounds good…but what does it mean financially?…
Yesterday I indicated what I was looking for from today’s FY20 results from fully-listed Egyptian Gold miner Centamin (CEY). So what does the score card show?
AIM-listed holiday resort developer in Crete Minoan (MIN) updated the market this morning….and announced yet another placing, albeit for a small amount, £187,000 (courtesy of Peterhouse) at 1.1p per share and a small debt-for-equity swap worth £70,000 also at 1.1p, with one warrant for two new shares taken at 1.4p. But it is the update which offers a little bit of hope here.
Exclusive rights holder to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has updated including “we have been able to keep open all our stores and our 2 commissaries operating without interruption… a reduction in our food and labour costs and in some of our rent costs… According to EU forecasts, Polish GDP will shrink by 4.3 per cent. in 2020 and this will be the smallest expected drop among all EU countries, Bloomberg noted”. The shares are though currently at 7.25p, approaching 5% lower...
Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!
It isn’t hard to see why shopping delivery firm Ocado (OCDO) is one of the most shorted shares on the market, given its current valuation.
My thanks go to Cynical Bear for spotting the latest missive from the ShareProphets AIM-China Filthy Forty purveyor of biblical plagues, Asian Citrus (ACHL). Having seen a pretty complete disaster unfold over the last few years, the company has decided to make a move into the property game in order to broaden the sources of income and to boost the business performance of the group. Call me a cynic: given the history of natural disasters, plague, locusts and invasions by Martians, how long will it be before the buildings in question are found to be suffering from concrete cancer?
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