The Small Cap Specialist

Hotel Chocolat - fabulous chocolates and great start on AIM, but something has left a bad taste


The chocolatier recently issued an encouraging, if brief, trading update. Our IPO note suggested at the time that this was the IPO of 2016 and the shares haven’t disappointed so far. Is the valuation now up with events or is there plenty more to go for? Our latest note takes a closer look at this highly rated offering and an unsavoury element of the IPO process which investors should be wary of.  (IHT QUALIFYING)

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