Valuation difficulties
The valuations of two companies covered in our free update here are tough to assess and one in particular demands specialist knowledge of a very large and rapidly-developing sector. Thankfully another of our Bonkers Bargain opportunities is a far easier prospect to understand - its shares continue to climb. Read on here for more on this and other news.
Artisanal Spirits: tough to value but interesting nonetheless The Artisanal Spirits Company (AIM: ART), the owner of The Scotch Malt Whisky Society ("SMWS"), a provider of premium, single cask Scotch malt whisky and other spirits, primarily via a membership model, issued an encouraging AGM statement. The Group returned to growth in the second quarter following a broadly flat start to the year, with the trajectory expected to continue for the remainder of the half year. Membership has increased +10% year on year to over 38,000 at the end of April 2023, benefitting from a notably strong performance in Europe. There…