Questor: at barely 12 times earnings, risk-tolerant investors could get a bargain with Anexo

The Telegraph | Sep 15, 2020 at 7:02 AM
  • Smaller companies are inherently riskier as they tend to depend more on one key line of products or services, have a narrower geographic reach and perhaps rely more heavily on one or two important executives.
  • Yet the rewards can be considerable too and any company that generates operating margins north of 30pc and returns on capital of more than 20pc when things are going well must be worth at least a second look.
  • Anexo raised £9m in May to expand its legal services business, Bond Turner.