Where is the Value in Small Caps?
Having recently a delivered fabulous set of results for the year to ending 31st December 2015, we think US based Somero Enterprises Inc. (AIM:SOM) is definitely worth a look. The Group manufactures laser-guided machinery used in horizontal concrete placement, to “advance the productivity, concrete flatness and efficiency of the jobsite”. Key end markets for the Group’s products are distribution warehouses which, due to automation and very high racking, demand perfectly flat concrete surfaces.
For the year ending December 31st 2015 revenue increased 18% to US$ 70.2m, pre-tax was up 40% to US$…
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