Will this former high-flyer deliver again?
News from AIM covered here include results from a previously high-flying software company with a commanding position in the US healthcare sector. While there is plenty of potential, we question certain aspects of its business, as you can discover here. Elsewhere, we also cover updates from two of our Stonking Small Cap opportunities, and news of a disastrous end for a 'disruptive' online fashion business which managed to last just 2 years on AIM and certainly dirsupted its shareholders. Read on here for this and more from AIM.
Johnson Service Group: on the mend Textile rental and services group Johnson Service Group (AIM:JSG) announced much improved results for its year to 31 December 2022. The Group comprises of Textile Rental businesses which trade through a number of well recognised brands, servicing the UK's Workwear and HORECA (Hotel, Restaurant and Catering) sectors. The latter is the larger division contributing 65% of group revenue and operating profit. You can read all our coverage of JSG here. Group revenue for the year increased by 42.1% to £385.7m, while adjusted pre-tax profit bounced back to £38.2m (2021: £9.4m). This business has been at the mercy…