A word of warning – AIM is more lightly regulated than the main market and also contains some high-risk speculative stocks. Careful research is needed to find the hidden gems, but I’ve found it’s worth the effort. Here are seven AIM market stocks that I’d consider buying for my portfolio today.

Safer profits from property

My first choice is AIM property developer Watkin Jones (LSE: WJG). This company specialises in building student accommodation and apartment blocks, which it then sells to big rental landlords. New buildings are often pre-sold before they’re built, so the risk of losing money on completed projects is low.

The main fear I have is that this business could face much tougher competition in the future. Purpose-built rental accommodation is a growing market with some big money behind it. But Watkin Jones is an established player with a good reputation. I think it should continue to do well.

The shares have slumped recently, and this stock now offers one of the higher dividend yields on the AIM market, at around 3.9%. I think Watkin Jones looks good value at current levels.

A potential bargain

My second pick is tableware and home fragrance group Portmeirion (LSE: PMP). This business grew out of a gift shop in North Wales, but today owns brands including Spode, Royal Worcester and Wax Lyrical.

One potential concern for me is that if it continues to buy up other businesses, Portmeirion could lose focus on its core pottery business. This still generates the majority of profits.

However, Portmeirion’s latest results suggest to me that this isn’t a problem yet. The group’s 2021 profits were only slightly below 2019 levels and City analysts expect profits to hit record highs this year.

The shares currently trade on just eight times earnings and offer a 4% dividend yield. I’m tempted to buy at current levels.

Promising newcomer

Franchise Brands (LSE: FRAN) only floated on AIM in 2016 but is growing fast and looks promising to me. This group owns a range of franchised businesses, including drain specialist Metro Rod.

Management recent expanded into the US with the acquisition of Filta, which provides commercial kitchen maintenance services through a franchise network in the UK and US.

Franchise Brands’ shares aren’t cheap, on 21 times 2022 forecast earnings. If growth slows, then the shares could fall sharply. But progress so far has been good, in my view.

Annual profit has risen from under £2m in 2017 to more than £5m last year. Franchise Brands is one AIM growth stock I’d consider buying for my portfolio.

Nuclear specialist

I normally avoid buying shares in building contractors. But I think that Renew Holdings is a bit different. This business specialises in essential infrastructure such as rail, water and nuclear energy.

Most of these areas are heavily regulated. Unlike housing and commercial property, they do not usually suffer from cyclical booms and busts. I’m particularly interested in the exposure to nuclear energy, which I think could be a growth area as the UK moves away from coal and gas.

Renew has delivered steady growth in recent years, with profits rising from £12m in 2017 to more than £30m last year. So far, management has been able to manage material shortages and rising costs without any impact on trading, we’re told.

If these problems continue, I think it might become more difficult for the company to manage them. That could cause profits to fall below expectations.

However, I’d see this as a short-term issue that would affect many competitors equally, so I’m not too worried. For now, I think Renew Holdings looks an interesting opportunity for continued growth.

A cash-backed 6% yield

Bank note authentication and brand protection specialist Spectra Systems has one of the highest dividend yields on AIM, at 6.4%.

This tempting payout looks fairly safe, in my view. Spectra has no debt and generates plenty of cash each year, thanks to its 35% operating profit margin. I think the main reason these shares don’t trade much higher is that the company’s growth rate has been fairly slow in recent years.

Investors worry that demand for bank notes and Spectra’s services could fall in future years. But there’s no sign of that this year and I think new products such as a machine-readable plastic banknote material could support long-term demand.

This is a niche business, but as an income investor I’m tempted to add a few to my portfolio.

Pharma growth

Healthcare is one of the long-term growth themes in my portfolio. One less well-known company in this sector is Alliance Pharma (LSE: APH).

Alliance specialises in buying mature consumer healthcare products and improving their distribution and marketing. The firm’s share price has doubled over the last five years.

This business may not sound that exciting, but profit margins have averaged over 20% since 2016 and sales have nearly doubled over this period.

I think management is a key risk here – misjudged future acquisitions could hit profits and damage the group’s growth record.

For now, though, I remain bullish about this company. I’d be happy to tuck a few shares away for the next five years.

25% growth forecast at this stock

My final pick is currency exchange specialist Argentex (LSE: AGFX). This small-cap specialises in providing foreign exchange services to corporate and private clients.

The business is led by founder and CEO Harry Adams, who has a 12% shareholding in the business. I reckon this should mean his interests are well-aligned with those of shareholders.

Perhaps the biggest risk I can see is that this is a fast-growing, competitive market. Will Argentex end up as a long-term winner or an also-ran?

I don’t know, but broker forecasts suggest it could report 25% earnings growth this year. Based on these estimates, I think the shares look very cheap on eight times forecast earnings. This AIM stock is on my list as a potential buy.

There’s been good news from property developer Watkin Jones (LSE: WJG) today in its full-year results report. Decent trading has enabled the firm to reinstate dividend payments, despite the ongoing pandemic. The share price shot higher in early trading. But it isn’t too late for me to add the stock to my portfolio.

Passive income from the dividend

With the share price near 205p, the forward-looking yield is just below 4% for the trading year to September. And I reckon there’s potential for shareholder payments to increase in the years ahead. The company said in the report the return to dividends was “driven by robust performance with foundations in place for future growth.”

Watkin Jones reckons it’s the UK’s “leading” developer and manager of residential property for rent. And it focuses on the build-to-rent (BtR) and purpose-built student accommodation (PBSA) sectors. As such, the stock will give me decent diversification between sub-sectors in the wider property arena. I’d consider buying it alongside other shares such as housebuilder Persimmon.

Richard Simpson, chief executive of Watkin Jones, said in the report operations performed well. And in the period, the company secured more sites to increase the development pipeline and position the business for further growth. 

Although the pandemic caused delays to investment activity, forward sales have picked up. And Simpson reckons the business will likely return to growth as early as during the current trading year. Although that outcome assumes there’ll be no further “significant disruption to our activities.” Overall, Simpson is “very confident” in the long-term prospects for the company’s markets. He said strong sector dynamics and investor demand support the business and its prospects.

Diversification between companies and sectors

I reckon Watkin Jones is worthy of my own thorough analysis and research right now with a view to buying the stock to hold for several years. I’d aim to compound gains by reinvesting dividend income along the way. But I wouldn’t stop with this stock or even with other shares in the wider property sector.

When it comes to building a reliable passive income, I think diversification between sectors and companies is desirable. And I’m particularly attracted to companies operating less-cyclical businesses. Such defensive outfits can often be found in sectors such as IT, Technology, Utilities, Power, Healthcare, Fast-moving Consumer goods and others.

So, I’d also look closely at big-yielding, cash-generating enterprises such as British American Tobacco, GlaxoSmithKline, National Grid, Severn Trent and Sage. Packing dividend yields into my portfolio from names like these will likely give me a decent passive income that’ll keep on giving for years to come.

The state of the near-term yield isn’t the only reason why dividend chasers need to pay the construction giant close attention, though. Thanks to the rate at which Watkin Jones throws out cash, annual payouts have exploded in recent years and were up 15.2% in the last fiscal year alone.

And there’s plenty of reason to expect them to keep blooming, as recent trading details from the business this week showed.

Glad all over

The AIM-quoted company – which caters primarily to the student accommodation and buy-to-rent sectors – declared that “trading remained strong through the final quarter of the [fiscal] year” and that “all of the group’s business segments performed well and delivered on their operational objectives for the year.”

Watkin Jones has got the bit between its teeth and is making brilliant progress on all fronts. For the current financial year, all seven of its purpose-built student accommodation (PBSA) developments, totalling 2,603 beds, have been sold. Another 1,928 beds spanning four schemes have been offloaded for fiscal 2021. Meanwhile the business has 159 build-to-rent (BtR) flats forward-sold for the present period and another 782 for the next financial year.

And there could be much, much more to come. According to Watkin Jones, “a number of other PBSA and BtR opportunities [are] in advanced stages of negotiation,” the successful conclusion of which would add an extra 2,025 student beds and 1,150 BtR apartments to the pipeline for delivery in the two years from fiscal 2021.

Share price strength

No wonder, then, that City analysts are expecting Watkin Jones to keep growing earnings by a healthy rate over the near term at least, with an 11% bottom-line rise currently being predicted. And there’s two further reasons to cheer this perky prediction: it results in a cheap forward price-to-earnings ratio of 14.5 times. It also leads to those aforementioned expectations that dividends will keep growing at a healthy rate.

A predicted 8.1p per share reward for the year just passed is predicted to rise to 9p in fiscal 2020, up 11.1% year on year, and as I said, a forecast that creates a bulky near-4% yield. The mid-cap looks in great shape to meet this figure, too, what with dividend cover sitting bang on the broadly accepted safety benchmark of 2 times and cash flow remaining strong.

Watkin Jones’s share price has rocketed 15% in the past six months and is now dealing at two-year peaks around 240p, though given its exceptional trading momentum and its undemanding forward earnings multiple I believe there’s plenty of scope for it to keep rising.

For investors seeking hot profits and dividend growth at low cost I reckon it’s a brilliant share to buy today.

Well don’t let that stop you. There’s still a wide range of top income shares that could still make you a mint in the near term and beyond. Take ContourGlobal (LSE: GLO), for example, whose role as owner and operator of electricity plants all over the world gives it terrific earnings visibility, not to mention predictable cash generation, even with an increasingly-troubled macroeconomic outlook.

Not that investors will likely have to wait long to ride the power play’s brilliant investment case, however. With profits predicted by City analysts to explode through to the close of next year, dividend yields are expected to keep rocketing too, resulting in monster dividend yields of 6.6% for 2019 and 7.2% for next year. And in the long term, ContourGlobal’s a great play on booming energy demand in the emerging markets of Africa and Latin America.

Dig this

I reckon Watkin Jones (LSE: WJG) is another great ISA pick for income hunters today.

It’s true that a 3.6% yield for the year to September 2020 sits some way below those of ContourGlobal, though this figure still smashes the rate of inflation in the UK right now. Besides, the rate at which the student accommodation provider has already hiked annual dividends in recent times (up 90% in the three years to 2018) still makes it worth sitting up to take notice of.

Watkin Jones is benefitting from booming enrolment in UK universities from both homegrown and overseas students, and the subsequent shortage of available accommodation for these students. The business has a bulging development pipeline (of 9,000 beds through to fiscal 2022) to exploit this fertile environment to the fullest. And so Watkin Jones (which saw adjusted pre-tax profits rise leap 10% in the first half of fiscal 2019) is in great shape to keep delivering brilliant returns up to the end of the 2020s at least.

Ace in the hole

If you’re seeking shares with bigger yields than the UK blue-chip average of 4.5% today, though, you might be happier to splash the cash on 888 Holdings (LSE: 888) instead. For 2019 and 2020, these clock in at 4.7% and 4.9% respectively.

And I’m confident that shareholder payouts should remain on the right side of generous as 888’s ambitious expansion strategy promises to deliver some powerful profits growth. This year the firm has launched into Sweden and Portugal while it’s been busy on the M&A front too, snapping up a sports-betting platform for £15m and a number of well-loved bingo brands from Costa Bingo for £18m as well.

These actions saw the number of first-time depositors across its brands balloon 20% in the first six months of 2019, and so robust is the company’s balance sheet that it can continue pursuing its excellent growth strategy with gusto. Forget about the regulatory uncertainties that come with the gambling industry, I’m confident that 888 will still keep delivering some mighty shareholder returns over the next decade.

It’s easy to see why. Landlord costs are rising. Mortgage tax relief is being cut. And the outlook for the housing market is uncertain, despite high house prices.

I believe there are much better opportunities in the stock market. Today, I want to highlight one stock I think could be the best single way to profit from property.

A global player

International real estate advisor Savills (LSE: SVS) is no ordinary high street estate agent. Last year, its revenue rose by 10% to £1,761m, generating an underlying pre-tax profit of £143.7m. In my view, this business has three features which could make it a best-buy opportunity for property investors.

One attraction is the group’s geographic diversity. About 38% of this revenue came from the UK, with a further 33% from the Asia Pacific region. The remainder was split between North America and Europe and the Middle East. This diversity means profits should hold up quite well in the event of a domestic downturn.

A second point is that the group operates retail and commercial property markets, as well as in residential property. So sales volumes aren’t dependent on one single sector of the market.

Finally, Savills also offers a range of so-called non-transactional services such as investment management and property management. These don’t depend on property sales, so they generate income even during quieter periods.

A 1,300% winner

Long-term investors have made a lot of money from Savills. The shares have risen by 1,300% over the last 20 years. That’s an average growth rate of about 14% per year, well above the wider market.

Although the dividend was scaled back during the financial crisis, the current dividend of 31.2p per share is 440% more than the 5.75p payout in 1999.

Chairman Nicholas Ferguson has warned of an uncertain outlook for 2019. But results for the year are still expected to be in line with market forecasts. These price the stock at 12 times forecast earnings, with a 3.6% dividend yield.

I think Savills looks a decent buy at this level. I see this as a business to buy for the long term, with a view to averaging down during the next property downturn.

An alternative property play

Another property stock that’s impressed me is AIM-listed Watkin Jones (LSE: WJG). This £565m firm specialises in developing and managing build-to-rent developments and student accommodation.

Both types of property are in strong demand from institutional investors. Earlier this week the company announced that it had pre-sold a 599-bed student development in Wembley for £90m, even though it won’t be ready for use until 2021.

Once it’s complete, Watkin Jones will manage the property for the new owners, generating a further income from this project.

In my view, businesses like this look more attractive than some housebuilders and much more attractive than buy-to-let. Last year, saw the firm report a 20% increase in revenue and a 26% increase in pre-tax profit. Although earnings growth is expected to slow this year, I think the 3.7% yield provides a good starting point for investors. I’d keep buying.

The two companies also have some notable differences. Purplebricks was founded less than 10 years ago and is a disruptive ‘hybrid’ estate agency. Watkin Jones’ roots go back as far as 1791 and it’s engaged in a more traditional business of property development and construction. Purplebricks is currently loss-making, while Watkin Jones is not only profitable, but also pays a dividend.

Just over a year ago, I named Watkin Jones as a stock I’d buy for 2018, and Purplebricks as a stock I’d sell. In a year in which the AIM market fell 19.2%, the Watkin Jones share price declined 6.4% (220p to 206p), while the Purplebricks share price slumped a whopping 64.4% (416p to 148p). In view of the magnitude of the difference in the movement of their share prices over the past year, have I changed my rating of these two stocks for 2019?

Purple blues

A year ago, I was concerned about Purplebricks’ high valuation. The shares were trading at 160 times a maiden profit forecast for its financial year ending April 2019. It’s not now forecast to make a profit this year. Or next year. The maiden profit is currently pencilled in for the year to April 2021. And the current share price is 130 times that forecast profit.

Aside from the sky-high valuation and a maiden profit forecast that has continually retreated over the horizon (originally forecast for the year to April 2017), I have another big concern. I have serious doubts about the sustainability of Purplebricks’ business model.

House-sellers pay the company upfront whether the sale completes or not. This might have just about worked in the booming property market of the last few years, when houses were ‘selling themselves’, but we’re now seeing a slowing market — not only in the UK, but also in Australia, Canada and the US, where Purplebricks is aggressively expanding.

With traditional estate agents also fighting back, I can see Purplebricks’ going a similar way to another Woodford flop: ‘disruptive’ mattress seller eve Sleep. As such, I continue to rate the stock a ‘sell’.

Keep up with the Joneses

I believe Woodford is on far more solid ground with Watkin Jones, and I continue to rate this stock a ‘buy’. The company is a UK leader in multi-occupancy residential property, with a focus on the student accommodation and build-to-rent sectors. There’s good growth here, but I also think this positioning — together with the group’s accommodation management arm — could provide it with more resilience through the economic cycle than companies focused on some of the other areas of the property market.

Earlier this week, Watkin Jones posted record results for its financial year ended 30 September. Earnings increased 14% and its board upped the dividend by 15%. At the current share price, we’re looking at a valuation of 13.7 times trailing earnings, and a running dividend yield of 3.5%. I view this as an attractive investment proposition.

House prices have been rising steadily since the financial crisis. They’re close to record highs in many areas of the country. The rules and regulations faced by buy-to-let landlords are also getting tougher, increasing costs.

That’s not all. Between April 2017 and April 2020, changes to the rules on mortgage tax relief mean that many landlords will face rising tax bills. One final headwind is that many investors expect interest rates to increase as well.

A long-term opportunity?

To make money from buy-to-let, your rental income needs to leave you with a profit after tax, mortgage payments, property costs and void periods between tenants. High property prices make this more difficult, as my colleague Kevin Godbold recently explained.

Today I want to look at two property companies operating in areas that are seeing strong growth.  The first of these is property developer Watkin Jones Group (LSE: WJG). This £540m AIM-listed company operates in the build-to-rent and student accommodation markets.

The company’s revenue rose by 20% to £363m last year, while its adjusted pre-tax profit rose by 15.7% to £50.1m. Net cash almost doubled to £80.2m, up from £41m at the end of 2017. Shareholders will enjoy a 15% dividend rise to 7.6p per share.

Watkins’ management expects to continue to benefit from favourable market conditions. It says that students are increasingly choosing purpose-built student accommodation instead of older university halls or shared houses. According to today’s results, another potential boost is that the number of 18-year-olds in the UK is expected to rise from 2021.

Fund manager Neil Woodford is Watkin Jones’ second-largest shareholder, with a 12.9% holding. I can see why Mr Woodford is attracted to this business. Today’s results have left the stock trading on a price/earnings ratio of 13.5 with a dividend yield of 3.5%. I think that these shares could easily beat buy-to-let from current levels.

A FTSE 100 star

Over the last five years, shares in warehouse specialist Segro (LSE: SGRO) have risen by 80%. The FTSE 100 index to which it belongs has gained just 4% over the same period.

This outperformance has been driven by strong demand and rising values for so-called big box warehouses. These are the huge buildings needed by large retailers, logistics groups and other firms to cope with the growth in online retail, and the supply requirements of modern industry.

One problem for potential tenants is that acquiring the large, well-located areas of land required to build new warehouses can be difficult and slow. Such is the demand for property of this type that 71% of Segro’s projects under development have been leased ahead of completion.

My only concern is that this sector may eventually overheat. I’m not sure how likely this is. The two key growth trends identified by Segro boss David Sleath are e-commerce and urbanisation. Neither seems likely to slow down just yet, from what I can see.

The shares trade at a slight premium to their last-reported book value of 603p, and offer a 2019 forecast dividend yield of 3.1%. This stock isn’t cheap. But I believe this business is likely to outperform buy-to-let. I’d be happy to own the shares.

In times gone by I have celebrated the exceptional sales opportunities afforded by this acquisition, and I’m pleased to say that latest trading details released last month vindicated the rationale of the move. Group turnover boomed 23% during the fourth quarter thanks to the contribution of its new blockbuster titles, and as an added bonus, Reach advised that synergy savings from the deal will have clocked in at £3m versus the £2m forecast as recently as October.

Consequently the publisher declared that full-year performance will barge past market expectations.

Reach now has the bit between its teeth and I’m expecting City predictions of a 5% earnings rise, and a 5% dip, in 2019 and 2020 respectively to be upgraded in the weeks and months to come.

Big, big dividends

Another cause for celebration is the rate at which the business is churning out cash, a quality that it estimated would push net debt to £55m as of the close of 2018 from £81m just six months earlier and which underpins predictions of big dividends in the near term and beyond. Reach is anticipated to lift the expected 6.1p per share total dividend for last year to 6.4p this year and to 6.7p in 2020, figures that yield a staggering 10.3% and 10.8% respectively.

It also trades on a forward P/E ratio of 1.6 times. Of course the newspaper market remains under extreme pressure, but I believe that this valuation is much too cheap and suggests that the market remains far too cautious. In fact, I reckon this low rating gives plenty of scope for Reach to extend December’s perky share price performance as we move through 2019 as the top line picks up a head of steam.

Another big yielder

Those seeking brilliant income shares off the beaten path may also want to give Watkin Jones (LSE: WJG) a close look today.

The student accommodation play is in an increasingly robust position to capitalise on the inward flow of university attendees to the UK as it ramps up building activity. In the fiscal year to September 2018, it completed 10 student accommodation developments comprising a total of 3,415 beds. And it has taken steps to reinforce its build pipeline for the next few years with four development sites with a total of 2,189 beds already having been secured.

And Watkin Jones has plenty of financial strength to keep the construction work rolling, as well as to keep paying out above-average dividends.

City analysts agree, at least on the latter point, and predict that the dividend will rise to 8p per share in fiscal 2019 from an anticipated 7.3p  for last year, supported by an anticipated 7% earnings rise and yielding a chubby 3.8%. And there’s additional good news for next year, an estimated 9% profits bounce giving rise to an expected 8.7p dividend and a subsequent 4.1% yield.

I believe that Watkin Jones, like Reach is a great share to buy and to squirrel away for the years ahead, and particularly so today given its cheap forward P/E ratio of 13.2 times.

Great shares for a diversified portfolio

I wouldn’t bet the farm on these two, but as part of a diversified portfolio of shares, I think Neil Woodford’s top holding by value, smoking products supplier Imperial Brands (LSE: IMB), and construction and development firm Watkin Jones (LSE: WJG), are worth digging into. Imperial Brands’ projected dividend yield for the trading year to September 2019 is running above 8%, and City analysts expect Watkin Jones to pay a dividend yielding close to 4% for the year to September 2019. So, at first glance, both companies are good candidates for a dividend-first investing strategy.

Watkin Jones develops and constructs multi-occupancy properties focusing on student accommodation and build-to-rent sectors. It’s a good business and the firm has a record of growing revenue, normalised earnings, operating cash flow, and the dividend. City analysts following the firm expect further annual advances in those measures over the next two years or so. Meanwhile, earnings cover the dividend payment more than twice, and there’s decent support for earnings from operating cash flow. In October, the firm said in a trading update that it has a “strong” development pipeline that provides “excellent” future earnings and cash flow visibility.

Despite the macroeconomic headwinds blowing from Brexit, and the general nervousness in stock markets that we’ve been seeing, there’s no sign that Watkin Jones is suffering any weakness in its operations, and the outlook is robust. I think the firm could be a great example of Neil Woodford’s current-declared strategy of buying out-of-favour UK-facing cyclical firms because, to him, they look undervalued.

No sign of stalling operations

Imperial Tobacco’s trend of growing earnings, cash flow and dividends shows no sign of stalling, despite a collapse in the share price since 2016. City analysts predict solid progress over the next couple of years, but the valuation rating has plummeted. Has the firm lost its defensive credentials, then? I don’t think so, but investors are worried about something. Perhaps it’s the unpredictability of the regulatory environment for smoking-related products.

I think, in general, defensive firms suffer from their own type of cycle where they fall in and out of favour with investors. This means the valuations of such companies tend to be alternatively high and low as the cycle plays out. Right now, we seem to be in a low phase of the cycle, so I think it is worth picking up a few Imperial Tobacco shares to collect the fat dividend while waiting to see what happens next. In November’s final results report, the firm said it’s “well positioned to deliver strong, sustainable shareholder returns,” and I’m inclined to take a chance that the directors might be right in that assessment.

Online estate agency Purplebricks (LSE: PURP) has seen its share price decline by 50% in the last 12 months. A slowdown in the housing market has caused investors to become increasingly cautious despite the continued transition of the estate agency industry towards online.

After such a major fall, could the stock post a successful recovery? If so, is it worth buying alongside another property-related stock which released a positive update on Wednesday?

Improving performance

The company in question is developer and constructor of multi occupancy property assets Watkin Jones (LSE: WJG). It released a trading update which stated that its performance in the year to 30 September 2018 has been slightly ahead of expectations. It has been able to make progress on forward sold student accommodation developments, with it completing all 10 schemes that were scheduled for delivery in the period.

Demand among institutional investors has been strong, while its performance in the build-to-rent sector has been impressive. It has signed agreements for major developments in Reading and Wembley, while it has a stable development pipeline over the medium term.

With Watkin Jones trading on a price-to-earnings (P/E) ratio of 12.7, it seems to me to offer good value for money. Given that the stock is due to post a rise in earnings of over 10% in the current financial year, it could offer capital growth potential – especially since the build-to-rent sector is forecast to grow significantly in the coming years.

Growth potential

As mentioned, it’s been a difficult period for Purplebricks. A lack of activity in the housing market seems to be causing investors to become increasingly cautious about the company’s prospects. Although it is expanded internationally, the UK remains a key market for the business, and Brexit could lead to further challenges in the near term if consumer confidence remains weak.

While there could be further falls in the company’s valuation, its long-term potential remains high. The estate agency industry is undergoing a period of significant change which is likely to see an increase in the popularity of lower-cost, online options among house-sellers. As people become increasingly comfortable with using digital opportunities for areas such as retailing and communication, it seems likely that they will be more open to listing their home online.

With Purplebricks having a strong position in the online estate agency arena, it seems to be well-placed to capitalise on a possible tailwind over the coming years. And with the business due to move into profitability next year, investor sentiment could pick up to some degree over the medium term. While still a volatile and risky share to own, I think its growth potential seems to be high despite its share price fall over the last year.