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Coronavirus impact: 18 Sept – automotive testing specialist remains in good shape

18/09/2020 · AB Dynamics (ABDP)  · Applegreen plc (APGN)  · Crimson Tide (TIDE) 

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The automotive sector is going through significant change and a provider of advanced testing systems covered here remains well-placed to thrive, despite the short term slowdown.

Crimson Tide: excellent results, but still very small

Crimson Tide (LON:TIDE), the provider of smart mobile working solutions, announced excellent interim results pushing it shares up sharply.

For the six months ending 30 June 2020 revenue rose 40% to £1.77m with pre-tax profit up 154%, but that was only to £257k.

Theses are encouraging results over a very tricky period, but after 14 years as a listed company this business has made relatively modest progress (market…

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