Once again Aeorema has delivered an impressive set of financial results. For the 12m period ended June 2019 the Company reported an increase in revenue and EBIT of 40% and 29% respectively. The net cash position at year end reached a new high of £2.2m which equates to over 90% of the current market capitalisation, or equivalent to c. 24.5p per share. The healthy cash position has enabled a 1.0p dividend to be declared, a 33% uplift on the 2018 figure. Reassuringly the Company remains co
30 Sep 2019
Strong 2019 results, significantly undervalued
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Strong 2019 results, significantly undervalued
Aeorema Communications plc (AEO:LON) | 60.0 0 0.0% | Mkt Cap: 5.72m
- Published:
30 Sep 2019 -
Author:
Matt Butlin -
Pages:
7
Once again Aeorema has delivered an impressive set of financial results. For the 12m period ended June 2019 the Company reported an increase in revenue and EBIT of 40% and 29% respectively. The net cash position at year end reached a new high of £2.2m which equates to over 90% of the current market capitalisation, or equivalent to c. 24.5p per share. The healthy cash position has enabled a 1.0p dividend to be declared, a 33% uplift on the 2018 figure. Reassuringly the Company remains co