Good morning, it’s Paul here with the SCVR for Weds. Estimated timings – I’m a bit more with it today, so should be able to meet the 1pm official finish time. Today’s report is now finished. My apologies for the unreliable timings this week. Looks like we’re in for another rocky day, with futures down heavily overnight. My view (subject to change on a daily basis) remains that I’m sceptical about the strong recent rally. As company updates are making clear on a daily basis, many (most?) shares are currently impossible to value, because we don’t have any earnings visibility. For that reason I cannot see any reason to buy the market generally at the moment. Individual shares can make more sense, if companies have recurring revenues amp; strong balance sheets. But in other cases, why take the risk? Norcros (LON:NXR) Share price: 125p (pre-market open)No. shares: 80.6mMarket cap: £100.8m Trading update In light of the rapidly changing developments regarding COVID-19 (Coronavirus) since our last announcement on 20 February 2020, Norcros, a market leading supplier of high quality and innovative bathroom and kitchen products is today providing a further update on…
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