By its normal lofty standards, this week's trading update from Somero Enterprises (SOM) was underwhelming. So far in 2017, activity has been slow in China, while political uncertainty and poor weather has led to flat trading in the US. And although the concrete levelling equipment specialist reported positive momentum in its smaller divisions elsewhere, the shift in sentiment from March's excellent full-year results sent investors heading for the door.
The shares fell 7 per cent on the day of the update, perhaps signalling further investor disappointment that the $7.5m (£5.8m) special dividend - equivalent to 13.3¢ a share - was not as high as hoped. For those who aren't selling, it will be paid on 14 August to shareholders on the register on 28 July.
