AIM probably isn't the first place investors would look for stocks offering growth at a reasonable price, given it is home to many pre-profit companies where most of the valuation depends on cash flows which will take many years to materialise.Yet it is also home to plenty of established, durable businesses with sustainable cash flows and earnings which are worth investigating. Here we pick...

Stocks made further gains on Wednesday after Fed chairman Jerome Powell repeated his view that price pressures in the US economy were temporary and confirmed the central bank would not raise interest rates pre-emptively.US markets rallied with the Nasdaq 100 tech index making a new all-time high, helped by gains in drugmaker Moderna and chipmaker Nvidia.By 8.30am the FTSE 100 index was up 18...

UK stocks failed to keep pace with European markets on Wednesday, with the FTSE 100 index down 25 points or 0.4% to 7,070 points in early trading as weakness in insurers and house builders offset meagre gains for travel and leisure stocks.Brent crude prices rose to $72.50 per barrel on signs of strong demand in the US and Europe, while concerns over Iranian supplies coming back to the market...

Anexo (ANX:AIM) 133pGain to date: 0.8%Original entry point: Buy at 132p, 20 August 2020All successful investors regularly review their holdings to ensure that the investment case is still solid and each stock deserves its place in their portfolio.With this in mind, our 'spring clean' process has thrown up credit hire and legal services firm Anexo (ANX:AIM), which we picked in August 2020 and...

Since listing in 2018, credit hire and legal services firm Anexo (ANX:AIM) has been one of AIM's success stories, raising guidance five times and this year moving to net cash generation.The firm's core Edge business provides replacement credit hire vehicles - both two-wheeled and four-wheeled - to non-fault motorists while their own vehicles were repaired. It also has a legal services division...

So far this year UK companies have tapped investors for a record £15.7 billion of cash through 217 share placings, according to AJ Bell investment director Russ Mould.'The question for investors is whether this rash of fundraisings is a threat, an opportunity or somewhere in between,' he says.The answer to that question depends on who's asking for the money. Firms with a strong proposition,...

The coronavirus outbreak is impacting all corners of the stock market but several company bosses are using share price weakness to top up holdings in their companies.The biggest deals involved both the chief executive and chief financial officer of FTSE 100 giant Reckitt Benckiser (RB.), maker of health, hygiene and home products, such as Dettol.New boss Laxman Narasimhan, who joined Reckitt...

Britain's automotive industry has stalled as low global demand and weak domestic consumer confidence weigh on sales, profits and sentiment.Disruption is impacting the global car industry and many of the businesses whose fortunes are tied to the automotive sector are in for a very bumpy ride. Yet those able to adapt to the shifting landscape could see exciting times down the road.In this...

Credit hire and legal services provider Anexo Group (ANX:AIM) delivered a significant increase in half-year revenues and earnings thanks to an increase in vehicles on hire and an increase in cash collection from its legal team.Revenues for the six months to end-June rose 55% to £36.7m while cash collection grew by 30% to £36.6m and pre-tax profits grew by 63% to £11m. After a strong...

Shares in credit hire and legal services firm Anexo (ANX:AIM) jump 10% to a new 12-month high of 194p after it reveals that this year's pre-tax profits will 'significantly exceed current market expectations'.The company puts the raised guidance down to increased case settlements and an improvement in the funding of its working capital.The increased level of settlements, cash collection and...

Shares in legal services business Anexo (ANX:AIM) rally 5% to 139p after the firm reports its maiden set of full year results as a listed company.Revenues for the 12 months to 31 December are up 25% to £56.5m while operating profits before listing costs are up 14% to £17.2m, ahead of expectations as the company flagged in January.Anexo combines a credit hire business and a wholly-owned legal...

The legal sector is very much 'of the moment' in market terms with Anexo (ANX:AIM) and Knights Group (KGH:AIM) floating this summer and DWF hoping to join the market later this year.Added to this is a flurry of takeover activity with Knights acquiring rival Spearing Waite last month and Gordon Dadds (GOR:AIM) announcing this week it has bought Ince & Co, making it the UK's largest listed law...