Never easy being a pioneer
News that a permit decision for its power station project is being passed to The Welsh Government has seen another big sell-off in the share price of this operator of sustainable energy projects – we sense politics at work! Elsewhere, a provider of enhanced medical imaging technology has also seen its shares tumble. Thankfully, other news covered here is more promising. (Free to read)
Victorian Plumbing: trading in-line AIM newcomer Victorian Plumbing (LON: VIC), the online retailer of bathroom products, issued an encouraging trading update for its financial year ending 30 September 2021. We covered the June IPO here. The financial year finished positively with revenue growth of c.29% and adjusted EBITDA anticipated to be ahead of market expectations – although , it’s not clear what the latter might be. At 230p the shares sit 12% below the IPO price with the market capitalisation £747m – a still mighty sum for a for a business which generated post-tax profits of only £19.7m in 2020.…