Angling Direct - interim results highlight the profitability conundrum
Angling Direct (LON:ANG) arrived on AIM in July 2017 raising a total of £7.4m of new money at 64p with selling shareholders pocketing £1.6m at the same price. The market capitalisation on AIM admission was £27.4m. The shares initially performed strongly, hitting a high of 109p in August 2018, but subsequently fell back, no doubt partially due to the failure of quoted rival Fishing Republic, whose brief but tortuous stay on the stock market lasted just 3 years. Angling Direct looks a very different business to its smaller former rival but still faces similar market dynamics.
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This article was written by experts from Fundamental Asset Management.
Specialist Inheritance Tax (IHT) investment management firm, Fundamental, has unrivalled knowledge of AIM and smaller quoted companies. Fundamental has successfully managed AIM portfolios for IHT planning purposes since 2004, delivering outstanding growth for its clients, well ahead of mainstream funds and stock market indices.
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