Cheap, cheerful and stately
Results from these small companies highlight their considerable valuation appeal. A little shareholder patience is also rewarded with some appealing dividends. Read on here for yet more modestly valued AIM companies. (Free to read)
Somero Enterprises: 7.5% dividend yield and plenty of cash Somero Enterprises (AIM:SOM), the US-based manufacturer of concrete levelling equipment, issued in-line results for the six months to 30 June. Against strong comparatives, overall revenues fell 14% to US$ 58.9m with pre-tax profit was down 30% to US$15.6m. Three of the Company's four regions reported revenues up over the comparable period in 2022 with Europe, Australia and Rest of the World demonstrating the continued success of the international strategy in growing a combined 29%. North America revenues declined 24% as the conversion of continued favourable non-residential construction activity into trading was…