19 consecutive years of dividend increases!
News covered here includes stunning results from one of AIM’s more consistent performers, which can boast a track record of 19 consecutive years of dividend increases; that’s quite an achievement given the events over that period. Elsewhere, updates from two other AIM companies covered here look more questionable to us, although strangely that didn’t stop their share prices climbing. Read on here for our latest thoughts from AIM.
Restore: questionable reporting! Restore (AIM: RST), which refers to itself as “the UK's leading provider of digital and information management and secure lifecycle services”, updated on trading for the year ended 31 December 2022. Put more simply, the Group’s main activities are the storage of archive boxes, categorised as ‘Records Management’ in its financial reporting. The trading update confirmed that its Records Management activities achieved strong sales during the year, including major storage and service contract wins with BBC Heritage (c.£22m over 10 years) and Department for Work and Pensions (c.£1m per year) leading to an increase in utilisation during…