Strong results | Upgrades | Appealing dividends
News covered here includes our assessment of impressive results from one of our Stonking Small Cap opportunities, bringing yet another upgrade, while an independent supplier of gas and electricity continues to trade at a bargain basement valuation, with the added attraction of a compelling dividend yield and strong cash position. Read on here for our usual forthright opinion on this and plenty of other news.
Young & Co: still trading well Contrary to what some might have expected given the lacklustre state of the economy, and helped by a dry summer, Young & Co (AIM:YNGA/N), the premium operator of pubs and bedrooms (largely in London and the South East), issued a positive trading update for the 24 weeks to 15 September. Strong trading momentum continued throughout the summer, with like-for-like sales up 5.6% in the period. Management remains confident in expectations for the rest of the year, despite ongoing external pressures, including recent industrial action on the London underground network. The shares are approximately 50%…