Gaining trust | Cool cosmetics
A supplier of modestly priced colour cosmetics continues to impress with another terrific update – the shares look set to climb higher, as we consider here. Elsewhere, we had reassuring updates from one of our Bonkers Bargain opportunities as well as a lowly valued (and cash rich) provider of digital advertising services. Read on below for our forthright views on this and other small cap news. (Premium)
Gaining trust Copenhagen based Trustpilot Group (TRST), the review platform, encouraged with its full year trading update sending the shares sharply higher on the day. For the year ending 31 December revenue is expected to be 17% higher at $176m. Annual recurring revenue (ARR) of $197m, compared to $162m in the prior year, representing c.18% constant currency growth year-on-year. The fairy tale adjusted EBITDA is now forecast to come in above the top end of the range of market expectations, which was previously in a range of $11.1m - $14.1m. The EBITDA number seems of less relevance for a business…