AIM heroes, villains and an exciting IPO, at last
With AGM season in full swing on AIM, we have put together a review of recent updates from some of the companies featured in our previous research commentaries and blogs, as well as an introduction to an exciting AIM newcomer.
Our Blog from November 2018 questioned whether cost management consultancy Utilitywise (LON:UTW), in which Woodford Investment Management had a 30% stake, could last much longer. Sure enough, the business had to call in the administrators in February. The failings at Utilitywise appear to have heralded the start of a new era for accounting issues on AIM.
Serious accounting issues also came to the fore at Yu Group (LON:YU.), the rapidly growing supplier of gas and electricity, whose shares tumbled over 90% from Feb 2018 highs, with many fearing another total failure in the energy supply sector. Thankfully, recent news and results suggest this may have been a temporary (though significant) issue, as financial systems had not kept up with the requirements of this fast-growing business. We acknowledge that it’s difficult managing the sort of rapid growth that Yu has experienced, but anyone fortunate enough to have glanced at pages 16 and 17 of Yu’s AIM admission document will have been forewarned…
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This article was written by experts from Fundamental Asset Management.
Specialist Inheritance Tax (IHT) investment management firm, Fundamental, has unrivalled knowledge of AIM and smaller quoted companies. Fundamental has successfully managed AIM portfolios for IHT planning purposes since 2004, delivering outstanding growth for its clients, well ahead of mainstream funds and stock market indices.
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