Coronavirus impact: 5 May - possibly one of the cheapest stocks on the UK market
The current crisis has delivered plenty of surprises, with many companies hitherto considered as steady reliable plodders now struggling for survival and other, seemingly less reliable businesses, surprising us with their evident defensive qualities. This update shines a light on companies occupying both ends of the coronavirus crisis defensive spectrum.
GetBusy: well-suited to current conditionsGetBusy (AIM: GETB), the developer of document management and productivity software products, has reassured that its new financial year has started well, with revenue up 15% and the all-important recurring revenue now representing 90% of group total. GetBusy's share price has been on a rollercoaster ride since joining AIM in July 2017, falling to a low of 25p in June 2019. The latest update confirmed that its online document storage and file sharing product SmartVault has benefited from strong demand for cloud productivity products and improved sales and marketing. The major contributor to revenue and profit in…