US dollar earners on AIM – listed over here but doing very nicely over there!
With the pound struggling at a near three decade low against the US dollar we thought it was appropriate to cast a glance at a few ‘fast growing’ US businesses with lots of lovely US dollar earnings that have found their way across the water onto AIM. Our latest Blog covers two real crackers!
Somero Enterprises Inc. (AIM:SOM) has its HQ in Fort Myers, Florida and manufactures laser-guided machinery used in horizontal concrete placement, to “advance the productivity, concrete flatness and efficiency of the jobsite”. We last covered the Group in our Blog on 4th March 2016 (‘Where is the value in small caps’) since when the shares have climbed modestly higher to a current 170p having been as high as 188p in September 2016. Key end markets for the Group’s products are distribution warehouses which, due to automation and very high racking, demand perfectly flat concrete surfaces. Much has been made of the…