AIM heroes, villains and an exciting IPO, at last
With AGM season in full swing on AIM, we have put together a review of recent updates from some of the companies featured in our previous research commentaries and blogs, as well as an introduction to an exciting AIM newcomer.
Our Blog from November 2018 questioned whether cost management consultancy Utilitywise (LON:UTW), in which Woodford Investment Management had a 30% stake, could last much longer. Sure enough, the business had to call in the administrators in February. The failings at Utilitywise appear to have heralded the start of a new era for accounting issues on AIM. Serious accounting issues also came to the fore at Yu Group (LON:YU.), the rapidly growing supplier of gas and electricity, whose shares tumbled over 90% from Feb 2018 highs, with many fearing another total failure in the energy supply sector. Thankfully, recent news and results suggest this…