Quality shines through
There were positive trading updates from two of AIM’s larger companies, one of which has a reputation for clean, honest reporting, a rare thing in the current world of adjusted EBITDA. Elsewhere there was another positive update from a digital health technology company, which could continue to deliver strong returns to shareholders.
James Halstead: quality shines through…without the fairy tales James Halstead (LON:JHD), the commercial flooring manufacturer and one of AIM’s £1 billion+ companies provided an encouraging trading update, ahead of its results for the year to 30 June 2021. Trading in the second half of year has been encouraging despite the ongoing uncertainties in the global marketplace and considerable logistical challenges. As result it expects to report both turnover and pre-tax profit at record levels for the period. The chaos of the closure of the Suez canal has been matched by the turmoil in China and in particular the port of…