A whopping cash rase from AIM
AIM listed wealth manager and administrator Mattioli Woods is on an acquisition spree, paying a premium price to gain a bigger presence at the private equity table – we just hope they aren’t overpaying. This and other small cap news, including a nice return from one of our Bonkers Bargain selections, is covered here.
Bonkers Bargain cash return Zegona Communications (LON:ZEG), one of our Bonkers Bargain selections, has committed to return £335m to shareholders in cash. That is a swift c50% return since we first suggested Zegona looked a Bonkers Bargain. Our updated article here, covers the terms of the capital return. Gateley: positive trading update Gateley (LON: GTLY), the legal and professional services group, confirmed that revenue for its financial year ending 30 April 2021 will be not less than £120m, up 9.3% on the prior year. Pre-tax profit is expected to be not less than £16.0m, up 8.1%, with net cash of £20m, significantly…