Boring is often best, but then there is hydrogen!
Results and updates covered here cover plenty of the mundane from the building materials sector and SIPP administration, although hydrogen energy storage offers a degree of excitement and plenty of upside potential from a recovery play. Read on here to find out more. (Free to read)
Curtis Banks: modestly valued? SIPP administrator Curtis Banks Group (AIM:CBP) announced results for the year to 31 December 2021, which were broadly in-line with forecasts, although the year saw significant changes to the structure of earnings. Administering SIPPs isn’t the most thrilling of businesses, but it does deliver consistent returns with plenty of visibility. Revenue in the year rose 17.5% to £63.3m while adjusted profit before tax increased by 4.7% to £14.0m – note the attractive 22% margin. Assets under Administration ("AuA") rose 15.4% to £37.4bn and the Group saw a gross increase of 4,329 (7.9%) in Full and Mid…