A move to Bonkers Bargain
One small company covered here is leading the way in delivering insights in neuroscience, yet the shares have fallen out of favour, leading us to consider it a Bonkers Bargain. Elsewhere there were positive results from a multitude of different sectors including asset management, vaping, golf equipment, scientific cameras and concrete levelling - it’s never dull on AIM!
Somero Enterprises: another upgrade Concrete screeding equipment specialist Somero Enterprises (AIM:SOM) issued yet another positive trading update for its financial year ending 31 December 2021, bringing another upgrade from its broker. Somero now expects revenues of US$130m, some 8% ahead of previous guidance and EBITDA of US% 45m, 7% ahead. Year end net cash will be a highly supportive US$39.0m. In North America, from where c80% of its business is derived, market conditions remain healthy and positive, driven in part by demand for new warehousing, with customer workloads at high levels and reported project backlogs extending well into 2022. Somero’s…