Tales of the unexpected | Where is the cash?
Our update here includes an assessment of results from one of AIM’s largest companies, which included some unexpected and unwelcome news. We question why companies can’t be more open in their reporting, the bad news will come out in the end, so there seems little point delaying the inevitable. Read on here for our forthright views on this and other news. (Premium)
We are getting increasingly fed up reading about 'non-cash impairments' in results statements. They might refer to non-cash impairments in the current financial period, but are highly likely to have resulted from substantial cash payments in previous financial periods. One such non-cash impairment features in our coverage below. FRP Advisory: excellent results, but what of the cash flow FRP Advisory Group (AIM:FRP), one of AIM’s two corporate undertakers, or business advisors as they prefer to call themselves, reported very strong growth in earnings for the interim period to the end of October. Revenue rose 16% to £58.7m driven by an uptick in restructuring activity,…