What is AIM’s exposure to Silicon Valley Bank?
One of AIM’s largest companies announced cracking full year results with a big increase in its dividend; as a beneficiary of higher inflation it could be a good one to hold. Elsewhere, a mobile payments and message company also impressed with its interim results while an online wine retailer continues to have its challenges. We also assess AIM’s exposure to the failed Silicon Valley Bank. Read on here for this and plenty of other news from the world of small caps and AIM.
Yu succumbs to profit taking Yü Group (AIM; YU.), the independent supplier of gas, electricity and water to the UK corporate sector, announced encouraging results for the year to 31 December 2022. However, despite announcing a “a fantastic start in 2023” the shares surprisingly fell back on the news. Having climbed more than 250% since the dark days of 2022 and a succession of “black swan evets” which put its future in doubt, there was bound to be some profit taking. Revenue for the year rose 79% to £278.6m with the forward order book of more than £350m, of which…