Promising news from our Bonkers Bargains
Results and updates from AIM include positive news from two of our previous Bonkers Bargain selections, one of which has a very promising position in the ESG-related space. However, our pick of the day is probably from the more mundane world of property lettings – boring is often best in the world of investment. (Free to read)
Focusrite: trading ahead…again Focusrite (LON: TUNE), which supplies hardware and software used by professional and amateur musicians and the entertainment industry, has issued another positive trading update – this business has certainly had a better pandemic than many! It now expects revenue for the financial year ending 31 August 2021 to be ahead of market expectations at approximately £173m, up from £130m last year. Growth is largely due to continued strong customer demand and also four months' contribution from Sequential, the high-end synthesizer company acquired in April 2021. EBITDA is also expected to be ahead of current market expectations. Cash…