Valuations of some look stretched
Results and updates covered here include those of some richly valued AIM companies. While the offerings look interesting, the valuations of one in particular remains a total mystery to us. Thankfully, others look far more appealing, as you can discover in our update here. There is also a cracking new arrival on AIM to have a look at. (Free to read)
Begbies: awaiting the deluge Begbies Traynor (AIM:BEG), the business recovery, financial advisory and property services consultancy, reported a strong financial performance for the six months to 31 October. Boosted by acquisitions, revenue increased to c.£52m (2020: £37.5m), with adjusted profit before tax growing to c.£8m (2020: £5.0m). Management guided to the results having a second half weighting as they anticipate an increase in insolvency activity over the remainder of their financial year to 30 April 2022. Since May 2021, the Insolvency Service has reported month on month increases in insolvency appointments nationally as government support measures have been removed. The…