Hotel Chocolat - flakey reporting
Shares in chocolatier Hotel Chocolat sunk below their IPO price following a very disappointing trading update. Do the shares now represent good value, or could there be more trouble ahead? We review the latest update from the chocolatiers as well as news from other AIM companies.
Somero: will the good times continue? Somero Enterprises (AIM:SOM), the manufacturer of specialist concrete levelling equipment, reassured with its latest trading update. The shares have slumped over recent months with many no doubt fearing that the end is nigh for the US construction boom. However, the latest update confirmed that the US non-residential construction market remains healthy, with elevated activity levels in the European and Australian markets as well. Results for the year ending 2022 results are anticipated to be in line with market expectations which are for revenues of approximately US$ 138.8m, EBITDA of approximately US$ 47.7m, and year-end…