Recurring revenue delights | Dividends at risk
The appeal of plenty of reliable recurring revenue is evident in results from several of these companies. Unfortunately, it isn’t all plain sailing with a profit warning from a business possessing less visibility, putting its dividend in doubt. Read on here for Investor's Champion's views on this and other small cap news. (Free to read)
Many technology companies, notably providers of essential software, have the attraction of recurring revenue, offering plenty of reassuring visibility. Several small companies covered here possess that considerable appeal. Lendinvest: profit warning and the dividend is at risk LendInvest (AIM: LINV), a platform for mortgages, issued a profit warning for its financial year ending 31 March 2024. Despite progress on several fronts, trading in the first four months of its FY24 financial year has fallen short of internal budgets, with a shortfall against budget in the Company's profit before tax of £4.5m over this four month period. This primarily relates to…