MORE LATE DAY RISERS IN THE UK MARKETS
Given the impressive rises on Friday achieved by Thursday's late day risers I have made up a list of Friday's late day risers - shares which rose 5% or more in the last couple of hours - to see how they fare on Monday - for Thurday's list click here : LateDayRisers
Plasmon (PLM) up 18% on the day after results - about 9% of which was in a late day surge.
"Plasmon FY pretax loss after restructuring costs widens, revenues fall 7 pct
- Plasmon PLC posted a wider full-year pretax loss after restructuring costs, but said it expects to be cash flow positive in the fourth quarter of the current year.
The data storage firm posted pretax loss after restructuring costs of 15.23
mln stg for the year to end-March, against last year's 9.52 mln stg.
Sales fell 7 pct to 35.9 mln stg from 39.8 mln stg on decline in legacy
products.
The decline in sales of legacy products will be offset with expected growth
in next-generation UDO2 technology leading to a significant reduction in
full-year trading losses, Plasmon added."
Sounds pretty negative except for the last bit.
The 5 year chart is pretty grim - but recently it has improved
People seem to think the bad news is out of the way.
Berkeley Scott Group (BGP) - recruits people for working in hospitality and leisure - rose 10% in the last hour - on no particular news
3 year chart
DECHRA Pharmaceuticals (DPH) rose steadily from 1:30 onwards to finish up 8% - once again on no news - except that Legal and General appears to have reduced its holding
The long-term chart is impressive - the 6 month chart is too and there could be a break-out
PLUS MARKETS (PMK) rose 7% from 1 p.m. on some large trades - it has nearly doubled since the bottom around 16p - possibly some weekend press news ?
Other late risers were
ENN - AEY - BSLA - CDN - WKP - BRR - SYR - TPT - TND - EGU - INA - AXS - MFZ - CFU
all of which rose 5% or more
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