Another AIM newcomer sees its shares dive
New arrivals to AIM in 2021 are seeing their shares tumble on anything less than excellent updates and results. As has so often been the case, institutions backed many IPOs at inflated valuations and are now paying the price. Elsewhere, a motor retailer continues to benefit from the highly unusual trading environment, while a highly rated chocolatier announced impresses results.
Eneraqua: fast grower, but contracting risk?
Eneraqua Technologies (AIM:ETP), the provider of specialist energy and water efficiency solutions, which arrived on AIM in November, issued an encouraging update on trading for its year ending 31 January 2022.
Revenues and adjusted EBITDA for 2022 are in line with expectations set at the time of IPO, which are for a more than doubling of revenues to £35.6m and a 350% increase in adjusted EBITDA to £5.9m…
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