Make your money go further for just 25p per day

AB Dynamics - lovely business and trading well but something leaves a bad taste

16/11/2017 · AB Dynamics (ABDP) 

AB Dynamics - lovely business and trading well but something leaves a bad taste
The designer and manufacturer of advanced testing systems to the global automotive industry is one of our AIM favourites but a revelation in their final accounts has got us fuming. Read on…

The headline numbers for the year ending 31 August 2017 look excellent with revenue up 20.0% to £24.6m and ‘adjusted’ operating profit up 26.2% to £5.9m – yes, it’s that now familiar ‘adjusted’ number that hides something!

Adjusted fully diluted Earnings per Share were up also apparently 22.5% to 28.28p.

A quick glance at the footnote reveals that the adjustment in question relates to share option costs of a whopping £1.5m (2016: £0.3m) – in…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on AB Dynamics

Poorly worded | Sector winner | Improving returns

23/04/2024 · Company Insights

Our coverage here features an encouraging update from a provider identity and location software, positive results…


Episode 12 of the Investor’s Champion Podcast

07/04/2024 · Podcasts

In this week's episode of the Investor’s Champion Podcast Chris and Lee run key news affecting…


More Company Insights

Plenty of growth/plenty of value

Bonkers Bargains: poised to recover

23/07/2024 · James Cropper

Sign-up to our free email updates

SIGN UP