Coronavirus impact: 1 Oct - usual plethora of positives from Burford, but….
The interim results commentary from Burford Capital contained the usual plethora of positives, but it remains an uncomfortable stock market animal to us. Thankfully, other companies covered here are easier to understand, many with more compelling growth prospects
Restore: “Positive Trading Update” we are led to believeDocument storage company Restore (LON:RST) was clearly trying to reassure with the unusual headline of “Positive Trading Update”. Normally it is down to the reader to decide whether it is “positive” or not. Nevertheless, the pitch appears to have done the trick, lifting the shares up sharply. While trading for the nine months ending 30 Sept was severely disrupted they appear to be back on the right track. Total revenue is now reaching 80% of the previous year, compared with only 68% at the height of the COVID-19 impact in April 2020,…