Naked Wines: stripping shareholders bare
Results and updates covered here include yet more disappointment for shareholders of online wine retailer Naked Wines. Read on here for our thoughts on this and other AIM companies, whose business models thankfully look more robust.
Next Fifteen tries to reassure Next Fifteen Communications (AIM:NFC), the so-called “growth consultancy”, whose acquisition of ad group M&C Saatchi (AIM:SAA) now appears in doubt, endeavoured to reassure the market that trading is better than its tumbling share price suggests. The M&C Saatchi board recently reversed its decision to support the acquisition because of the big drop in Next Fifteen’s share price since the agreement in May. For the three-month period to 30 April 2022, NFC saw revenues increase by 68% to £130m, with organic revenue growth of approximately 37% and the balance from acquisitions. Trading continued to be strong…