Regenersis eyes expansion opportunities
Consumer electronics repair specialist Regenersis rose after it reported strong figures and was bullish in its outlook.
Consumer electronics repair specialist Regenersis rose after it reported strong figures and was bullish in its outlook.
Group revenue rose by 13% to £139.9m in the year to the end of June, with operating profit up 24% to £7.8m.
The firm now intends to recommence paying a dividend to shareholders, announcing a final dividend of 1.1p per ordinary share to be paid n December.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It added that the company was trading in line with market expectations and opportunities for global growth, both organically and by acquisition, remained good.
"Our markets and specific client contracts continue to show growth and present regular opportunities to win significant new business," said Chairman Matthew Peacock.
"The board continues to target double digit revenue growth on steadily improving operating profit margins and, given good return on capital employed, expects to continue its R&D and capital expenditure programme."
Shares were up over 10% at 1030 on Tuesday.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Rightmove: Asking prices set to rise 2% in 2026 after post-Budget market reboundBuyers and sellers who held off in anticipation of the Budget will come back to the market and contribute to asking prices increasing next year, according to Rightmove
-
Coreweave is on borrowed timeAI infrastructure firm Coreweave is heading for trouble and is absurdly pricey, says Matthew Partridge
