Hedgehog highways | Bonkers Bargains | Time to deliver
News covered here includes encouraging results from a lowly valued business, but one displaying plenty of innovation, and an encouraging update from another of our Bonkers Bargain opportunities. Elsewhere, an interior design and furnishings group also looks good value, but the high rating of a leak detection business still puzzles us. Read on here for our thoughts on this and other updates from AIM.
Mattioli Woods needs to deliver Mattioli Woods (AIM: MTW), the specialist wealth and asset management business, announced in-line interim results. Given the number of acquisitions this business has made over the past couple of years it's tough to gauge too much from these. For the six months ended 30 November 2022 revenue rose 10.0% to £54.9m despite a 2% fall in total client assets to £14.6bn. The revenue contribution from the 8 (yes, that's Eight) acquisitions completed since 1 January 2021 was £20.2m. Recurring revenues representing 89.6% of total revenue offer a good degree of predictability, although stock markets are far less…