Online competitions organiser Best of the Best has continued its positive momentum.
The AGM statement reassures that trading is comfortably in line with forecasts that expect a dip in pre-tax profit from a bumper £2.1m last year to £1.9m. At 285p, the shares are trading on 17 times prospective earnings.
The underlying dividend is expected to increase from 2p a share to 2.1p a share. There have been special dividends in the past and the business remains cash generative.
There are no more physical sites and the business is purely online. These reorganisation costs have already been provided for.
The interims will be published in January.
© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Omega Diagnostics will lose money this year, but it is on course to become profitable in 2020-21 as sales of the VISITECT CD4 test.
House broker Shore Capital has slashed its pre-tax profit forecast for engineer Tricorn Group by two-thirds to £420,000.
Evgen Pharma has entered into an agreement with The University of Dundee for the use of SFX-01 in a clinical trial in non-alcoholic steatohepatitis and liver fibrosis, where there is no existing treatment.