Stonking Small Caps: update sees shares fall back
This fast-growing provider of unified communications is a fantastic company, generating attractive operating margins and heaps of reliable cash to help support acquisitions and fuel further growth. The latest trading update has seen the shares fall back but recent move to the Main Market should start to see the buyers return.
This low-profile business has quietly delivered outstanding returns to investors since arriving on AIM several years ago and its services were in high demand over lockdowns as a large percentage of the population were forced to work from home. With employment flexibility set to be the theme for many going forward, it looks in great shape to benefit further and a growing presence in mainland Europe is also starting to deliver strong returns. The ongoing increase in adoption of cloud services and ability to address the complete communications market across all its businesses means it has the ideal platform to deliver further…