Is freight forwarding really hot again, or is AIM simply getting too boring?
Xpediator, a provider of freight management services has proved to be one of AIM’s star performers this year. While we commend this company's excellent recent results, covered here, isn’t it a sign of AIM’s current lack of excitement that investors are drawn to a 30 year-old freight forwarder?
Xpediator (AIM:XPD) is a well-established international provider of freight management services which arrived on AIM in August 2017, raising £5m at a price 24p with the market capitalisation on AIM admission only £24.2m. Since then the Group has used its listing to great effect, making a series of small acquisitions and raising a further £7.8m. The share price has soared over 150% since then with the current market capitalisation just over £72m. As we commented in our previous AIM new arrivals Blog, the original business, trading as “Delamode”, was established in 1988 by Stephen Blyth (the Group’s current Chief Executive…