Stonking Small Caps: an excellent business is moving up
This fast-growing provider of unified communications is a fantastic company, generating attractive operating margins and heaps of reliable cash to help support acquisitions and fuel further growth. The latest resuts covered here are excellent and a planned move to the Main Market could help propel the shares higher. It's large size and likely inclusion in the Mid Cap index means it's a bit too big to be considered a Small Cap.
This low-profile business has quietly delivered outstanding returns to investors since arriving on AIM several years ago and its services were in high demand over lockdowns as a large percentage of the population were forced to work from home. With employment flexibility set to be the theme for many going forward, it looks in great shape to benefit further and a growing presence in mainland Europe is also starting to deliver strong returns. The ongoing increase in adoption of cloud services and ability to address the complete communications market across all its businesses means it has the ideal platform to deliver further…