Cash support | Strange departures | Bonkers Bargains
Several companies covered here have growing cash piles – for one cash represents more than half its market value – but how best to use it? With Mr Market struggling to shake off his current state of depression there were some harsh reactions to perfectly acceptable trading updates. Read on here for our latest thoughts from the world of small caps and AIM. (Free to read)
Oxford Metrics: what to do with all that cash? Oxford Metrics (AIM: OMG), the smart sensing software company, servicing life sciences, entertainment and engineering markets, announced that it expects to report revenues of £44.0m and adjusted pre-tax profit of £6.3m (margin 14%), both ahead of current market expectations, for its financial year ending 30 September. Expectations were previously for revenue of £39m and adjusted pre-tax profit of £5.83m, so that’s a nice beat. Following the Group's strongest-ever first half performance, momentum continued into the second half, driven by a particularly strong contribution from the Engineering and Life Sciences segments. Its…