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Coronavirus impact: 5 June - an AIM blue chip continues to impress

05/06/2020 · Gamma Communications (GAMA)  · GYG PLC (GYG)  · Revolution Bars Group PLC (RBG)  · Somero Enterprises (SOM)  · WANdisco (WAND) 

AIM Coronavirus Small Caps UK

Revolution Bars Leadenhall

AIM will see a newcomer in June, although it is only a struggler from the main market moving down which isn’t ideal

Somero: plenty of caution but thankfully plenty of cash as well

Somero Enterprises (LON:SOM), the US based manufacturer of laser-guided concrete levelling equipment, has provided a cautionary trading update.

In light of the challenging outlook Somero is implementing further precautionary actions to reduce costs and conserve cash during this period of uncertainty, including the furloughing of approximately 20% of the workforce. The measures being taken are expected to save approximately US$ 5.0m.

Thankfully Somero entered the crisis…

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