As frustrating as ever
News from AIM covered here, include results from one of AIM’s more elderly companies and one of our Bonkers Bargain opportunities, where a brilliant fast-growing business lies hidden in the AIM listed group. Elsewhere, another cash generative AIM company has chosen to reinstate a dividend rather than pay down debt; we question whether this is the right course of action. Read on here for this and other news from London’s growth market.
Good news for the pawnbrokers News that funders to Morses Club (AIM:MCL), the provider of Home Collected Credit, will not provide a peak trading facility to the Group this winter, thereby constraining its ability to lend, could be good news for AIM listed pawnbrokers Ramsdens (AIM:RFX) and H&T Group (AIM:HAT). The house broker to HAT has pointed out that home collected credit addresses a similar customer demographic to pawnbroking, along with the size and duration of the loan. Following the recent £16.9m equity fundraise HAT has the balance sheet to capitalise on growth opportunities, as has RFX. You can read…