This Bonkers Bargain still looks ridiculously cheap!
Investment in a new digital offering is coming good for this company's specialist software offering. The sale of a subsidiary for a nice premium leaves the business in a very strong net cash position to support growth, with the company already a large chunk of this to shareholders via a tender offer. The modest valuation and cash rich position has attracted a potential acquirer, lifting the shares but it would be a shame for AIM to lose yet another interesting technology business.
Smooth (AIM:SMV), formerly ULS Technology (LON:ULS), supports residential conveyancers and related legal services through its eConveyancer product, an online comparison service for conveyancing used by over 4,000 mortgage brokers and financial intermediaries, lenders, networks and estate agents.
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