Coronavirus impact: 11 June - not a happy stock market animal
Results today from an online property portal and provider of business improvement solutions leave us scratching our heads
Churchill China: tough to forecastBusiness for Churchill China (LON: CHH), the ceramics manufacturer serving hospitality markets worldwide, was booming prior to the pandemic but it all looks very different now. The latest update confirmed the significant impact of the lockdown on its sales to hospitality markets, however, they are now starting to see the first signs of improvement with growing levels of orders as major European markets have now largely re-opened albeit with some level of restrictions. While the shares have bounced 77% off March lows they remain 50% off January’s all-time highs, trading at 13x reported earnings for 2019…