Strong updates from some high-quality AIM companies
Several of AIM’s higher quality companies issued positive trading updates and in quick time after their year ends. Our update here covers some cracking companies.
Science Group: shares hit new highs on positive update The latest trading update from consulting services group Science Group (LON:SAG) pushed the shares to all-time highs. Group revenue for the year ending 31 Dec 2020 is now anticipated to be in the order of £73m compared to £57.2m in 2019, although plenty of that growth arose from the acquisition of Frontier Smart Technologies. Adjusted operating profit is set to exceed previous expectations of £10m (2019: £6.7m). The Group closed the year with cash of £27.1m and net funds of £10.6m, with strong cash flow meaning that cash now exceeds the…