9%+ dividend yield, but is it sustainable?
News from AIM covered here include results from a cash rich AIM company where the forecast dividend yield is over 9%. Elsewhere there was news of a significant contract win for an energy storage company which brought a huge bounce in the share price. Read on here for these and other stories from AIM.
Mind Gym – valuation is still a puzzle to us MindGym (AIM: MIND), the provider of human capital and business improvement solutions, announces results for the six months ended 30 September 2022. Sales have never been a problem for this company, profits have, and we still struggle to understand exactly what this unusual company, valued at £90m, actually does! See more: Mind Gym - great name, but what does this business do and why the rich valuation? For the 6 months to 30 September 2022 revenue rose 11% to £26.8m. While the gross profit margin was a delightful 87.5%, statutory…