Some soar, others continue to tumble
News covered here includes excellent results from one of AIM’s largest companies, sending the shares up sharply. Despite this, the rating continues to look very modest to us, as you can discover here. Elsewhere, shares in another AIM giant fell back further on a disappointing trading update, while another company which did nicely over lockdown is suffering a post-pandemic slowdown in part of its business. There were also updates from our Stonking Small Cap and Bonkers Bargain opportunities. Read on here for this and other news. (Free to read)
MindGym: trading in line, but…. MindGym (AIM: MIND), the provider of “human capital and business improvement solutions”, whatever they might be, issued a trading update for its financial year ended 31 March 2023. Revenues are expected to be in excess of 54.7m, which is 12% ahead of the prior year, but only 4% ahead in constant currency. Profit before tax is broadly in line with expectations, although the update omitted to tell us what these expectations might be – broker forecasts are for adjusted pre-tax profit of £2.9m and adjusted Eps of 2.1p. Net cash at 31 March 2023 was…