Good morning! Jack's back, so we should have some content out a bit earlier than yesterday.
Agenda - to follow.
Jack's section:
Wilmington (LON:WIL) - the data and education specialist confirms that its important Rise face to face event has gone ahead and is therefore increasing FY22 adjusted profit guidance by another 10%. Wilmington itself has been around for a while but its outlook and prospects have improved more recently, so it’s worth revisiting.
Aptitude Software (LON:APTD) - acquisition costs and amortisation reduce statutory profit. The shares are down this morning and more than 50% down on recent highs - it probably became too expensive but is now more reasonably valued. There’s a lot of investment to come in the short term though, so profit progress could disappoint over the next year or two. There is a longer term investment case here, but I’m not sure if investors are pricing in muted short term absolute profit growth.
Explanatory notes -
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Jack's section
Wilmington (LON:WIL)
Share price: 250p (pre-open)
Shares in issue: 87,599,530
Market cap: £219m
Trading impact of face-to-face events
We just looked at Wilmington last week, so it’s encouraging to see one of the potential positives flagged come to pass. The group confirms that, after recently upgrading FY22 guidance, the resumption of face-to-face events leads to additional upgrades.
The Group's major face-to-face event in the US - Rise National…
