Change in accounting policy!
A profitable fast-growing AIM company covered here, with a reputation for prudent and timely reporting, is changing its accounting policy to join the crowd; we aren’t convinced it was necessary. Elsewhere, there was plenty of optimism
AB Dynamics encourages AB Dynamics (AIM:ABDP:), the designer and manufacturer of advanced testing, simulation and measurement products to the global transport market confirmed that trading continues to show encouraging momentum, and that performance over the first four months of FY 2023 has been in line with its expectations. The balance sheet remains strong with net cash at 31 December 2022 of £17.6m (31 December 2021: £27.4m, 31 August 2022: £29.2m), after payment of the initial £16.0m cash consideration for the acquisition of Ansible Motion in September 2022. This is a nice little business, although, despite its greater size following a…