Flying high | Looking good | Impressive cash generation
A better than expected outlook has seen this cash rich leisure travel group commit to another big share buyback. While the short term is evidently challenging, a growing fleet of modern fuel efficient aircraft, new UK bases, new destinations and a huge cash pile means this business is well set-up for the future. Elsewhere, a supplier of vehicle tracking solutions continues to deliver decent growth with a nice dividend to reward as well. Read on here for our thoughts on this and other news.
Quartix: looking good Quartix Technologies (AIM:QTX), the supplier of subscription-based vehicle tracking systems, issued an in-line half year trading update. For the six-months to the end of June 2026 revenue climbed 12% to £19.4m and adjusted EBIT was up 15% to £4.6m. The estimated free cash inflow was only £2.6m (H1 2025: £2.5m) after accounting for a £1.1m corporation tax payment in relation to the Group's change in accounting policy on property, plant and equipment (IAS 16) at the end of 2025. Closing cash was still a highly supportive £4.7m. On a trailing-twelve-month basis (‘TTM’) to 30 June 2026, Annualised…