Stonking Small Caps impress, others less so!
Results and updates from AIM covered here include a couple of profit warnings. Thankfully, two of our Stonking Small Caps delivered as anticipated, with one maintaining its unblemished record since listing in 2021 – a rare feat from a terrible year for listings!
Victorian Plumbing: doing ok, but what of the rating? Victorian Plumbing (AIM:VIC), the online specialist bathroom retailer, reported improved trading in its results for the six months ended 31 March 2023. Revenue rose 10% to £146.8m driven by both increased total orders (up 6%) and increased average order value (up 3%) across both Consumer and Trade categories. Sales of their own-branded product range, which attract higher margins, increased by 1ppt to 76% driving continued improvement in gross profit, which improved by 2ppts to 46%. In addition, reduced shipping costs and favourable foreign exchange rates have also improved gross margins. The…