Smoke and mirrors | US growth | Another upgrade
News covered here includes our usual forthright assessment of results from a provider of cloud computing services to financial markets. With its financial statements riddled with adjustments, many of which seems wholly inappropriate, we have our concerns. Elsewhere, the valuation of a manufacturer of infection prevention products for hospitals, remains heavily dependent on growth in the US, although other geographies would appear to offer more accessible opportunities. Read on here for more of our thoughts on this and other news.
Beeks: more smoke and mirrors Beeks Financial Cloud (AIM: BKS), the cloud computing and connectivity provider for financial markets, announced full year results for the year ended 30 June 2026 which appeared to be a little short of forecasts, at the earnings level at least. Furthermore, the earnings number seems relatively worthless due to the significant number of adjustments. In financial markets, execution speed is critical. A delay of even a millisecond can cause an automated trade to fail or lose money. Beeks solves this problem by offering ultra-low-latency infrastructure. They provide secure, high-performance servers, data storage, and cloud environments…