Coronavirus impact: 14 Oct - horror shows and delights
While online retailer ASOS delivered spectacular results, updates and results from others covered here highlight the harsh reality of the pandemic and lockdown environment. There was also another spectacular update from a provider IT services which pushed its shares up to new highs; while it’s rating looks full it is a lot less than others!
Angling Direct: luring customersAngling Direct (AIM: ANG), the largest specialist fishing tackle and equipment retailer in the UK, announced excellent half year results and is one of few companies confident enough to reinstate guidance. You can read our updated report here.Comptoir Group: a much anticipated horror showComptoir Group (LON: COM), the owner and/or operator of Lebanese and Eastern Mediterranean restaurants, announced predictably terrible results for the six months ended 30 June 2020 – it will be in good company! Revenue tumbled 61% to £6.1m with the reported loss for the period £5m after £2.8m of impairment costs. Thankfully, operating cash flow…