Another AIM company receives an offer
The week kicks-off with yet another offer for a modestly valued AIM company. We remain puzzled why many institutional investors are happy to accept such low-ball offers, when a little patience and support has a good chance of delivering significantly more over the medium term. Elsewhere, there were predictably awful results from WANdisco, which is, not surprisingly, re-branding itself and in-line results from a palm oil producer. Read on here for this and other news. (Free to read)
Less ‘Inspired’
Inspired (AIM: INSE), an energy consultancy group, reported results for the six-months ended 30 June 2023.
Henceforth, we are taking the view that whenever a company headlines with the term ‘EBITDA’, or worse ‘adjusted EBITDA’, as Inspired has done, we will simply focus on revenue and cash flow.
So, here is our assessment of the results….
While revenue for the 6 months rose 10% to £44.6m, the…
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