Another AIM high-flyer falls to earth
A popular stock covered in our update here delivered a disappointing trading update which saw the shares slump. Is it a buying opportunity or could there be more trouble to come? Elsewhere there were strong results and updates from others and news of another exciting new arrival to AIM. (Free to read)
Cerillion: great results, but does it justify the rating? Cerillion (AIM:CER), the billing, charging and customer relationship management software solutions provider, mainly supporting the telecommunications sector, announced excellent full year results. But nothing less than excellent would have been enough given the heady £260m valuation this small business now carries. Revenue for the year to the end of September 2021 rose 25% to £26.1m, of which recurring revenue contributed £8.6m, 33% of the total. Cerillion won its largest ever contract in March 2021 ($18.4m), with Telesur, a full-service Latin American network operator, continuing the trend of winning bigger contracts with…