Rocketing share price
A small AIM technology company covered here has announced an important order and partnership with Elon Musk’s SpaceX; the shares soared on the news. Elsewhere, there was a positive trading update from one company, whose products won’t be to everyone’s liking, while a provider of cosmetics is growing very fast in overseas markets. Read on for more on this and a lowly valued leisure travel group and even cheaper interior furnishings company. (Premium)
Supreme: trading well but not to everyone’s liking Supreme (AIM: SUP), which refers to itself as a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, issued a positive trading update for the twelve months ended 31 March 2024. The main driver of growth is the Group’s vaping products, which are likely to put off some from investing in this company. Revenue in the year is expected to have risen 45% to £225.0m with the fairy tale adjusted EBITDA broadly doubling to at least £38.0m, in-line with current market expectations. The statement commented how continued investment in rechargeable pod…