If you'd invested in: Cambian Group and Braemar Shipping
Cambian Group, provider of specialist education and care services, is increasing its revenue, while broker and consultant Braemar Shipping is having a challenging year.
If only:
Cambian Group (LSE: CMBN) provides specialist behavioural education and care services, working with local authorities in England and Wales. At the end of last year it disposed of its adult services division to focus on children's services, making a profit of £144m on the sale. Revenue increased by 13% in 2016 to £182m, with adjusted earnings before interest, tax, depreciation and amortisation down 12% to £16.2m. The share price has risen over 150% in the last 12 months.
Be glad you didn't
Braemar Shipping Services (LSE: BMS) provides broking and consultancy services to the shipping, marine and offshore energy sectors. Last year was a "challenging" one amid an "industry-wide reduction in activity", the firm said in its results last month. Revenue fell by 12% to £139.8m, while a £10.3m profit in 2015/2016 turned into a £0.3m loss after restructuring costs of £3m. The share price has fallen by 40% in the last year.
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Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
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