Porky pies | What is normal? | Ahead again
News covered here includes our assessment of results from a popular provider of technology to trading exchanges. A sudden change in its revenue recognition model didn’t go down well, although there are other aspects which concern us. Elsewhere, a publishing house is trading ahead again, while one of our Bonkers Bargains has gone to shareholders for more dosh. The plot thickens for the suspended CEO of another technology company. Read on here for our usual forthright views.
Beeks Financial: what is normal likely to look like?
Shares in Beeks Financial Cloud (AIM: BKS) tumbled on news of a change to its revenue recognition model, something which has also highlighted our ongoing concerns with this business.
For the six months to the end of December 2024 revenues increased by 22% to £15.79m and ‘underlying’ profit before tax was up 37% to £1.89m, representing a margin of 12%.
This company’s Infrastructure-as-a-Service…
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