Coronavirus impact: 5 June - an AIM blue chip continues to impress
AIM will see a newcomer in June, although it is only a struggler from the main market moving down which isn’t ideal
Somero: plenty of caution but thankfully plenty of cash as wellSomero Enterprises (LON:SOM), the US based manufacturer of laser-guided concrete levelling equipment, has provided a cautionary trading update. In light of the challenging outlook Somero is implementing further precautionary actions to reduce costs and conserve cash during this period of uncertainty, including the furloughing of approximately 20% of the workforce. The measures being taken are expected to save approximately US$ 5.0m. Thankfully Somero entered the crisis in good financial shape with net cash at the end of 30 June expected to continue to exceed US$ 24.0m, being the position at…