AIM’s rejuvenated growth stories
Results from AIM’s star performers continue to impress with many delivering meaningful growth in earnings and cash. We have also seen results from a number of AIM companies who, only a few years ago, were seriously struggling, or in some cases at risk of going under. With the valuations of many of these still relatively modest, our latest Blog comments on several interesting companies that are going through something of a metamorphosis and look quite appealing at current levels. We also throw in a high risk offering for good measure!
Goals Soccer Centres (AIM:GOAL) the operator of outdoor small-sided soccer centres has struggled since the heydays of 2007 and 2008 when its market capitalisation was up over £300m (Currently £79m). Recently announced interim results for the period ending 30th June 2016 showed group like-for-like sales modestly lower at £17.0m and underlying profit down 15.5% at £3.8m. Management commented that the rate of like-for-like sales decline had slowed significantly from (11.4%) in H2 2015 to (2.0%) following execution of the near-term operational improvement plan and for the first 11 weeks of H2 there has been a return to like-for-like sales growth.…