Delivering at last? | Cheap but not so cheerful | Dividend appeal
Results and updates covered here include news of big contract win for one small AIM company sending the shares soaring. Elsewhere, there was an encouraging trading update from another modestly valued business which has the added attraction of a compelling dividend yield. Another AIM company is a shadow of its former self, but awash with cash – is it an amazing bargain or a classic value trap? Read on here for our thoughts on this and other news. (Free to read)
Bricks remain buoyant, for now Michelmersh Brick Holdings (AIM: MBH), the specialist brick manufacturer, confirmed continuing resilient order intake across their end markets, whilst production volumes have continued in line with expectations. They are also very pleased with the start to the year at FabSpeed, a leading brick fabricator and manufacturer of off-site pre-built brick products, which was acquired last year. The Group remains on track to meet full-year expectations. Michelmersh is a constituent of our AIM for High Yield portfolio. SRT: shares leap on huge contract award Shares in SRT Marine Systems (AIM:SRT) leaped close to all-time highs on news…