Another Bonkers Bargain soars
Results and updates covered here include a surprisingly positive announcement from one of our earlier Bonkers Bargains. While the shares have performed strongly since our original note, there is still plenty more to go for in their recovery journey as momentum builds. Read on for more on this and other exciting small caps.
AB Dynamics: results much as anticipated AB Dynamics (AIM: ABDP), the designer and manufacturer of advanced testing systems to the automotive market, reported interim results for the six-months to 28 February 2021. Revenue of £27.3m was 21% down on the comparable period, which was a very strong comparative period (delivered prior to the COVID-19 pandemic) in which revenues increased by 34%, and broadly comparable to the second half of 2020. Track testing revenue was the most severely impacted, down 29% to £20.9m, although within this, driving robot sales started to recover, generating sales of £9.1m. Demand for the Group’s ADAS…