Complicated numbers | More honesty please
Results and updates covered here from several small companies could benefit from being simpler, with the headline numbers quoted by management failing to present the true returns. We also cover a business which appears to offer considerable recovery potential, as well as yet another AIM company offering a compelling dividend yield. Read on here for this and other news. (Free to read)
Johnson Service: plenty of complexities in the numbers from this simple business Textile rental and services group Johnson Service Group (AIM:JSG) announced further improvement in its results for the 6 months to 30 June 2023. This is quite a simple business but there are plenty of contradictions in the numbers. The 'Johnsons Workwear' brand predominantly provides workwear rental, protective wear and laundry services to corporates while their HORECA businesses provide premium linen services to the restaurant, hospitality and corporate events market. Group revenue in the period increased by 22.0% to £215.0m, most of which was organic growth as its markets…