Staggering dividends | Upgrades | Downgrades
Tariff tantrums continue to dominate the headlines and it's easy to forget that there are some great small companies out there continuing to generate growing profits and cash, with some staggering dividend yields on offer. News covered here includes our assessment of a trading update from a diversified financial services provider and retailer, which is trading ahead of expectations. Full year results from a property franchisor, featured very strong cash flow, with the greatly enlarged group well-placed to succeed as interest rates start to fall. Read on here for our usual forthright views.
Property Franchise: continuing to deliver for shareholders The Property Franchise Group (AIM:TPFG), the UK's largest multi-brand property franchisor, is now a significant presence in the UK market. Following the merger with Belvoir and acquisition of Fine & Country, the Group’s diverse portfolio of 18 brands have 153,000 (2023: 78,000) rental properties under management and completed over 30,000 sales in the year. Group revenue in the year to the end of December increased 147% to £67.3m, reflecting both 6% organic and more significant acquisition driven growth. Recurring revenue continued to be a material contributor and represented 52% (£35m) of revenue, providing…