Very illiquid stock though Davidosh - few buys and it will be back up. Only thing worth noting will be latest trading which I guess will be reported on in the final results. I'm not predicting it will be poor but I'm just a little risk averse in these nanocaps exposed to cyclical business in the current environment. Best of luck. |
You seem to have started a ripple effect or stops hit. |
I like this company but I've sold out at a 15% loss because I think the business environment might be stacking the odds against it currently. TMG update today makes it sound as if discretionary B2B spend has suddenly dived and I don't fancy sitting on a huge loss here for a few years if there is a deterioration here. Not quite the same as the balance sheet is so good but still the market is very unforgiving at the moment. I'll keep watch and see how the business progresses as it's well capitalised and seems to have something going for it. Good luck to holders. |
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Yes it needs further explanation. Nonetheless a 60% increase on last years record revenues is impressive and it easy to see further growth as the company is clearly highly rated. I’m assuming wage inflation is an issue at present and if you want to hang on to quality staff ……
Still a company with a market cap of £7.4m backed by cash of £2.4m and making nearly £1m PBT does not look overpriced to me. |
A question to ask at the presentation tomorrow |
At first glance these are a little disappointing as a revenue increase of over 60% has only generated a 12% increase in profitability although clearly plenty of positive words and investment for the future with key hires etc |
Trading Update
Strong revenue & profit growth
Aeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to announce an update on trading for the year ended 30 June 2023 ("FY2023") following a strong second half of the year.
HIGHLIGHTS
-- Record revenue: FY2023 revenue expected to be no less than GBP19.8 million* (2022 audited: GBP12.2 million).
-- Increased profitability: FY2023 profit before tax expected to be no less than GBP950,000* (2022 audited: GBP844,000).
-- Strong cash position: Cash balance at year end of GBP2.4 million* (2022: GBP1.7 million).
-- Dividend Payment: Expected increased dividend payment subject to audited results.
-- Outlook: Strong momentum anticipated through 2024 to produce another successful year. |
I assume that's why they announced an Investor Presentation today, to be held this Wednesday morning on Investor meet. Assuming the presentation is positive, it may induce some buying.
Edit apparently a Trading Update on Wednesday too |
Very quiet in here. I am afraid the seller keeps moving this down a slippery slope as there are not many buyers about. |
10k buy soaks up all the lose stock. Now no buy quote for just 1k. |
It does look a tad odd but I struggle to see how you can't buy £10k on the open market as I could get a price this afternoon. Anyhow not complaining on an up day |
Interesting RNS. Looks like the only way NED Hannah Luffman could buy £10k worth of shares was if the CEO agreed to sell that many.
This could get squeezed a lot higher on next release of good news. |
About to break through all time high. |
Yeah really good results. There’s a lot to like here. Revenues have come back strongly post Covid. Traditionally H2 has been stronger than H1. Not seen any forecasts but could be looking at £16m FY23. Looks cheap with £3.6m cash, paying dividends and a mere £6.5m mkt cap.
Having said that, I’m not entirely sure what the business does, but judging by the awards they keep winning, they are clearly well thought of and respected and that can only be a good thing. |
Strong results announced this morning with a 40% increase in revenues offset by a growth in costs as they invest in the business.
Pre-tax profits up 27% and the comment '... We are very confident about the outlook for the remainder of the 2023 financial year.' Something said halfway through H2, means a good full year result is pretty much nailed on.
Net cash has increased as well |
Results will be announced at the end of March and no doubt we will get a bit more regarding H2 and the outlook for the rest of the year.
It's looking good
The pipeline is looking strong as we go into the final few months of FY 2023, and we anticipate this growth in revenue to continue. |
Profit takers clear their decks, so maybe a bounce once they are done. |
You may well be right Daz and they say
"The year continues to be one of major investment in our service offering"
I hope that it pays back with a higher return at some point! |
Revenue growth was 40% but pre-tax profits were only up around 30%, so costs must have increased and being a people business, I think they must be affected by wage inflation. |
If they make £1m-£1.5m profit this year as looks probable, then net cash could finish the year at c2.5m. First half growth at least +43% on a record first half last year. In valuation terms that's a lot of business for only £7m market cap |
They should have really announced it 7.00am.
Trading statement is quite upbeat but as always you get traders that sell on the news good or bad they're not bothered. |
If the 30% increase in profits is repeated in H2, then EPS would be 7.6p, putting the shares on a multiple of 11.5 at the mid-price of 87.
Given the encouraging comment on the pipeline, it still looks good value |
The trading update has just arrived....not sure why it was not 7.00am. Very good it looks too! |
Hi Zico
Did you contact the company to find out why your confident prediction of a trading update last week did not happen? You sounded pretty certain. |
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