Activist antics | Bagging a bargain | Gaming growth
Two former AIM companies which moved to the Main Market are attracting the attention of activist investors and private equity. We aren’t convinced of the merits of proposals from the former and feel that private equity will probably have to pay-up if it wants to secure the attractive cash flows of the communications group it is hunting. Elsewhere, shares in a video game developer bounced following another big upgrade, while we remain puzzled with the growth strategy of a fishing tackle and equipment retailer. Read on here for our thoughts on this and other news.
Restore: trading well, we think!
Restore (AIM:RST), the provider of business services for data, information, communications and assets, continued to trade well over the 4 months to the end of April.
Revenues have increased “significantly” although they didn’t give a number of what that might mean. Organic revenue growth was particularly strong across digitisation, outbound communications and IT recycling, while the Group's core document storage business continued to benefit from stable revenues…
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