Bonmarche (AIM:BON) - encouraging results and 8% yield but the offering still looks tired!
Interim results for the 26 week period ending 30 September 2017 saw revenue rise 5.0% to £97.8m with Like for Like sales growth of 4.3% boosted by online sales up 38.6%.
The financial fundamentals of this business look quite encouraging with profit before tax of £4.2m substantially up on the comparable period’s £2.0m, although those are miniscule margins for a clothing retailer so there isn’t much room to disappoint should the top line falter.…
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