Big contract wins lift these shares
The market liked news from two small companies covered here following the announcement of significant contract wins and very positive trading outlooks. While the news is clearly encouraging, we remain wary of the cash flow of one, as you can discover here. Elsewhere, there were reassuring updates from our Bonkers Bargain and Stonking Small Cap opportunities. Read on our here for our forthright opinion on this and other news. (Premium)
Revolution Beauty reaches agreement The co-founder and former CEO of Revolution Beauty (AIM:REVB), the self-styled ‘multi-channel mass beauty innovator’ has entered into a settlement agreement relating to events that led to the delay of the audit of the Group’s results and the suspension of trading of its shares during his time as CEO. Adam Minto has agreed to pay Revolution Beauty a settlement sum of £2.9m in six annual instalments, with interest at 8% per annum if he doesn’t pay on time. While there has been “no admission or acceptance of liability by either party”, the payment of £2.9m surely…