Delightful results | What’s in the NAV? | Impressive growth
News covered in our free update here include results from a popular AIM quoted self-storage group, whose financial statements take a bit of understanding. There was also an encouraging update from an eyewear manufacturer, which lifted the shares and an impressive update from a specialist component supplier. Read on here for this and other news. (Free to read)
INSPECS: improving Global eyewear and lens manufacturer INSPECS (AIM:SPEC) delivered a “solid trading performance” in the 9 months to 30 September 2023, in line with expectations. Revenue rose 4.6% to £159.1m and was 2.4% higher on a constant currency basis. Cash flow continues to improve with net debt falling by £6.4m to £21.2m (31 December 2022: £27.6m) despite investing £0.8m in the construction of the new manufacturing facility in Vietnam. The Board remains confident of delivering full year results in line with market expectations, being for adjusted earnings of 6.6p (PER 11.2x), which will no doubt feature plenty of adjustments.…