More acquisition delight | Doing nicely | Trading ahead
A soft drinks group has paid a hefty sum for a functional drinks brand. The market was clearly happy to see its ample cash put to ‘hopefully’ better use, although it seems a little late to the functional drinks party and we question why it couldn’t have developed its own offering. Elsewhere, an IT services group continues to benefit from the UK government’s drive for digital transformation. Read on here for our thoughts on this and other small cap news.
Client portfolios managed by our associates, Fundamental Asset Management, may hold shares in companies covered here.Remember to use our updated AIMsearch tool from the link here to discover which AIM companies benefit from the valuable Inheritance Tax reliefs.Property Franchise: doing nicely in a stagnant market The Property Franchise Group (AIM:TPFG), the UK's largest multi-brand property franchisor, issued a positive half year trading update, despite the somewhat stagnant market. For the six months to the end of June revenue increased 7% to £43.3m and was 4% higher excluding the boost from the acquisition of Smart Advice Solutions (‘SAFS’). Franchising revenue increased…