Valuations of some look stretched
Results and updates covered here include those of some richly valued AIM companies. While the offerings look interesting, the valuations of one in particular remains a total mystery to us. Thankfully, others look far more appealing, as you can discover in our update here. There is also a cracking new arrival on AIM to have a look at. (Free to read)
Begbies: awaiting the deluge
Begbies Traynor (AIM:BEG), the business recovery, financial advisory and property services consultancy, reported a strong financial performance for the six months to 31 October.
Boosted by acquisitions, revenue increased to c.£52m (2020: £37.5m), with adjusted profit before tax growing to c.£8m (2020: £5.0m).
Management guided to the results having a second half weighting as they anticipate an increase in insolvency activity over the remainder of their financial year…
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