Surprising share price moves
Two companies covered here supporting the hospitality sector have experienced contrasting fortunes over the year, with the shares of one bizarrely back close to pre-pandemic highs. Is it justified?
Churchill China: surprising share price rise Interim results from Churchill China (AIM: CHH), the manufacturer of ceramic products serving hospitality markets, cover another mixed period for the business, although you wouldn’t believe it from the rising share price. Revenues for the 6 months to 30 June 2021 rose 27% to £23.9m, although that was against weak comparatives. Sales in the first four months were well below the comparable periods for both 2019 and 2020 as a result of COVID related lockdowns. However, revenues recovered well following the relaxation of market restrictions beginning in April and were at 2019 levels in…