Strong results see profit taking in this AIM blue chip
Despite announcing excellent results, a high-quality AIM company covered here experienced a sharp sell-off in its share price. Could this be a buying opportunity or are the shares set to fall further? Elsewhere, there were strong results from the booming building materials sector and our Bonkers Bargains and Stonking Small Caps. (Free to read)
Gamma Communications: great results but shares fall Gamma Communications (LON:GAMA), a leading provider of Unified Communications as a Service ("UCaaS") into the UK and increasingly European business markets, announced excellent results, although, with the shares riding high, some clearly saw an opportunity to take profits. That looks strange for a business which continues to have a massive growth oppportunity. For the six months ending 30 June 2021 revenue grew 23% to £217.4m. UK revenue growth in the period (which was largely organic) was 9% (from £166.8m to £182.0m), while the European business saw revenues rise from £10.6m to £35.4m as…