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EPIC ING
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Ingenta – “a return to revenue growth”, but what about the bottom-line?

Provider of software and services to the publishing industry, Ingenta (ING) commences a trading update with that it “is pleased to confirm that trading in the six-month period to 30 June 2022 has shown a return to revenue growth” and the shares have currently responded up to 90.5p. However revenue is vanity, so what about the valuation?

EPIC ING
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Ingenta – a recovery buy? Yes and this is why

A provider of software and services to the publishing industry, Ingenta (ING) announced half-year results in September with headlines including “Group revenues of £5.3m (2018: £6.4m)… Adjusted EBITDA of £0.3m (2018: £0.5m)”. However, also emphasised was “the board remains confident of achieving a material improvement in the trading performance of the group for the remainder of the year and beyond, as the benefits of the recently announced sales wins and restructuring begin to be recognised in our reported results” – and, importantly, these words have since been seemingly supported by management actions…

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