Poorly worded | Sector winner | Improving returns
Our coverage here features an encouraging update from a provider identity and location software, positive results from a software provider for the construction sector and a provider of test equipment to the automotive sector. However, we were less impressed with a strangely worded trading update from a developer of student accommodation, which said very little. Read on here for our assessment of this and other news. (Premium)
Remember to use our updated AIMsearch tool from the link here to discover which AIM companies benefit from the valuable Inheritance Tax reliefs.Client portfolios managed by our associates, Fundamental Asset Management, may hold shares in companies covered here.Eleco: recurring revenue rises Eleco (AIM: ELCO), the specialist software provider for construction and maintenance of buildings, announced excellent full year results. For the year ended 31 December 2023 statutory revenue was 5.4% higher at £28.0m. More significantly, the all-important Annualised Recurring Revenue (ARR) was up 24% to £22.6m, offering excellent visibility of future income. Gross profit increased 7% to £25.1m lifting the…