Great results | Whopping contracts | Capital efficiency
A small company covered here has issued excellent results and sits on a very large cash pile: we hope it spends wisely! Elsewhere, two companies have secured significant contract wins sending their shares higher. There could be more of these to come from these as our research here highlights. Read on for our thoughts on this and other news. (Premium)
Two companies covered below have secured significant new contracts which are set to bring long-term rewards. One has secured its largest ever contract with a government agency, propelling the shares to new highs, but it’s clearly got something special and there could be more to go for, as our commentary below highlights. Iomart: cheap, but for good reason? iomart (AIM: IOM), the cloud computing company, reported interim results for the six months ended 30 September 2023. Growth is clearly proving a struggle for this business. Revenue for the period rose 18% to £62.0m, of which recurring revenue was 94%. Within…