Big upgrade for our Stonking Small Cap
Previous broker forecasts for one of earlier Stonking Small Cap ideas were, as anticipated, woefully short of the mark, with the latest positive trading update bringing a big upgrade. Elsewhere, results from OnTheMarket continue to deliver missed messages for shareholders, while YouGov’s sky-high valuation still remains a mystery to us...which means it's probably going higher! (Free to read)
YouGov: is the rating deserved? YouGov (AIM:YOU), the international research and data analytics group co-founded in 2000 by current CEO Stephen Shakespeare and Nadhim Zahawi, the now Secretary of State for Education, issued a unusually extensive trading update in the place of its results for the year ending 31 July. Due to unforeseen circumstances arising late in the audit process, YouGov requires additional time to finalise its audited financial statements, so we get a detailed update instead. Group revenue in the period rose 11% on a reported basis to £169.0m, driven by growth in all three of its reporting divisions,…