Compelling value | Debt worries
News covered here include trading updates from two main market small caps, with one looking considerably more appealing than the other to us, as you can discover below. Elsewhere, there was another encouraging update from one of our Stonking Small Cap opportunities sending the shares higher. Read on here for our thoughts on this and other news. (Premium)
Equals: doing nicely, but short on detail Equals Group (AIM:EQLS), the fintech payments group with a focus on FX, reported 37% growth in revenue to £95.5m for its financial year to 31 December 2023. They also reported continued growth in the fairy tale ‘adjusted EBITDA’, although no specific number was provided for this. The robust trading has also resulted in approximately £18.3m of cash at bank at 31 December 2023, after paying out £7.0m for acquisitions, earn-outs and a maiden dividend during 2023. Results are anticipated to be in-line with current market expectations, which are for 65% growth in adjusted…