Coronavirus impact: 23 June - a bonkers valuation of the week is even worse than we expected
A big day of results included the good, bad and ugly from Scapa Group, a previous winner of our bonkers valuation of the week. The value of a loss making hydrogen fuel cell company featured here looks equally bonkers
Tricorn: results significantly impactedInterim results from Tricorn Group (LON: TCN), the tube manipulation specialist, highlight the struggles that many companies have had to face over the pandemic. For the six months ending 31 March 2020 revenue fell 25% to £8.4m with the outcome a loss of £772k compared with the comparable period’s profit of £511k. Thankfully, all their facilities have been operational since 20 April but, while demand has started to increase at some facilities, it is still at significantly lower levels compared to earlier in the year. Tricorn certainly has a challenging period ahead, but with cash headroom of…