Quality AIM companies going for less
Several excellent AIM companies covered in our update here have reported encouraging results. With the share prices of many having declined considerably over the course of the year, it could be a good opportunity to take a closer look at some high-quality companies for the long-term, with the added attraction of potential relief from Inheritance Tax and a compelling dividend yield.
Portmeirion: a long way back Portmeirion Group (AIM:PMP), the designer and manufacturer of homewares under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, announced its interim results for the six months ending 30 June 2022. Revenue rose 5% to £45.5m, 30% ahead of pre-pandemic 2019 levels, although there appear to have been some acquisitions in the meantime to boost the top line, so that's not all organic growth. ‘Headline’ profit before tax grew by 30% to £2.0m but the reported pre-tax profit was only £1m after restructuring costs. Management is guiding that full year sales will be…