Resilient performance | Return to growth | Low point?
Our coverage here, includes our review of a resilient performance from a high quality business operating in a currently tough market. Despite evident challenges it continues to grow and is surely worth paying up for. Elsewhere, a manufacturer of ceramic products for the hospitality sector also looks decent value at current levels. Both companies have the added appeal of a 5%+ dividend yield. Read on here for more on this and other news from AIM.
Property Franchise: resilient performance The Property Franchise Group (AIM:TPFG), the UK's largest multi-brand property franchisor, announced decent half year results, despite a “subdued sales market”. For the six months to the end of June, Group revenue increased 7% to £43.3m and was 4% higher on a like for like basis ignoring the benefit of acquisitions. Across its separate business segments; Franchising revenue increased 8% to £24.0m (55% of the total), Financial services revenue rose 10% to £13.0m and Licensing revenue was flat at £6.3m. The managed portfolio remained resilient at c.149,000 properties through the implementation of the Renters' Rights Act.…