Knocking the lights out…again
One of AIM’s largest companies has issued another positive trading update sending the shares sharply higher - it’s a pity we struggle to understand exactly what it does! (Free to read)
Xpediator: in-line Xpediator (AIM: XPD), the provider of freight management services across the UK and Central and Eastern Europe, expects to deliver revenues of more than £300m (2020: £221m) and adjusted profit before tax well in excess of £8.5m (2020: £7.2m), in line with the upgraded guidance given in June 2021. Freight management isn’t the sort of business to set investors' pulses racing, and Xpediator’s c3% profit margins are going to put off many, but its importance has been highlighted over the pandemic. The shares trade at c12x forecast earnings for the year ending December 2022, which looks about right…