Aeorema has delivered a solid set of results for the 12m period ended June 2018 with revenue and underlying pre-tax profit growth of 16% and 16.5% respectively. We view the results as particularly reassuring given that this was the first 12m period with the new management team at the helm, confirming that the business was not reliant on the June 2017 departed founders. Net cash at the end of June was £1.44m which equates to over 60% of the current market capitalisation, or equivalent to c. 16p p ....
07 Nov 2018
New management team thriving, cash rich
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New management team thriving, cash rich
Aeorema Communications plc (AEO:LON) | 60.0 0 0.0% | Mkt Cap: 5.72m
- Published:
07 Nov 2018 -
Author:
Matt Butlin -
Pages:
12
Aeorema has delivered a solid set of results for the 12m period ended June 2018 with revenue and underlying pre-tax profit growth of 16% and 16.5% respectively. We view the results as particularly reassuring given that this was the first 12m period with the new management team at the helm, confirming that the business was not reliant on the June 2017 departed founders. Net cash at the end of June was £1.44m which equates to over 60% of the current market capitalisation, or equivalent to c. 16p p ....