Another upgrade for this cracking company
A music and audio products specialist covered here continues to perform exceptionally well issuing yet another positive trading update. Elsewhere, it looks like another decent AIM company is going to be snapped up by an overseas buyer before it can realise its full potential.
Focusrite: trading ahead againFocusrite plc (AIM: TUNE), the music and audio products specialists, supplying hardware and software used by professional and amateur musicians and the entertainment industry, issued yet another positive trading update. Demand has remained strong for many of its products and revenue for the six months to 28 February 2021 is now expected to be in excess of £90m (H1 FY20: £49.9m) – the steep uplift on the comparable period in 2019 is also due to the acquisition of Martin Audio at the end of December 2019. Cash generation has also remained strong and the Group has now…