Naked Wines plummets, others impress
Two unexpected announcements from online wine retailer Naked Wines suggest that all is not well - we have had concerns for a while. Elsewhere, there were terrific results from a long-standing favourite for IHT portfolios and a very positive update from another unusual company supporting the pharmaceutical sector.
Advanced Medical: bouncing back strongly Advanced Medical Solutions (AIM: AMS), the world-leading specialist in tissue-healing technologies, announced decent interim results for the six months ended 30 June 2022 demonstrating strong growth in revenue and profitability, as well as significant regulatory and clinical progress. Our earlier premium research here: ‘IHT planning favourite is looking more encouraging’ took an in-depth look at this excellent AIM company which is a popular choice for many Inheritance Tax planning portfolios. Revenue in the 6 months rose 16% to £58.3m, predominately driven by commercial progress and increased pricing to recover inflationary cost increases. Gross margins increased…