Contrasting pairs!
Two companies from the property services sector, both of which possess many of the attributes investors should be looking for, reassured with their latest trading updates. With all things UK property related currently deeply out of favour, the valuations look compelling, as you can discover here. Elsewhere, there were contrasting updates from two video game developers, one of which looks considerably more appealing than the other, and a lengthy update from an innovative medical device company. Read on here for this and other small cap news. (Free to read)
Creo Medical: plenty to digest Creo Medical Group (AIM: CREO), a medical device company focused on the emerging field of minimally invasive surgical endoscopy, issued a very lengthy trading update. Our commentary here hopefully summarises the key points. Boosted by the launch of a slimmer ‘Speedboat Inject’ in late 2022, trading across the business has tracked in-line with management's expectations during the first half to 30 June. While revenue in the period rose 15% to £15.7m, revenue from Creo's core Speedboat technology, where most of the £100m+ investment has gone to date, remains minimal at £0.9m, although that’s more than…