Defence winner | Cash flow concerns | Plenty going on
News covered here includes our assessment of a positive trading update from a company benefitting from the growth in defence spending, whose shares strangely fell. Elsewhere, we continue to have concerns about a cloud computing company which still has plenty of fans, while a change in accounting policy from a software group has unsettled the market. Read on here for our usual forthright assessment of this and other news.
Beeks: what about the cash flow?
Beeks Financial Cloud (AIM: BKS), the cloud computing and connectivity provider for financial markets, issued a promising update, although we are still a little unclear of the ongoing free cash flow for this business.
June marked a record month for the Group’s Proximity Cloud product, with c.$10m of contracts signed, the revenue for which is set to be recognised across both June 2025 and 2026 financial years.
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