Raspberry Pi Holdings PLC (LSE:RPI) end-of-year charge continues with shares in the firm up a further 10% today a new all-time high of 658p.
Listed at 280p in July, the success of the DIY-PC maker’s short life on the London stock exchange is a counter to accusations that tech can’t work in London.
Recent buying by US investment group SW Investment Management is seemingly the reason behind the recent run, which has seen the share price double from 327p at the end of November.
A tightly held shareholder base is another reason, with well over 50% of the shares held by just two shareholders.
In September, the group reported underlying profits (EBITDA) of US$20.9 million, up by 55% from a year ago, on revenues up 61% to US$144 million.
Sales volumes were marginally lower than expected, it said, though sales skewed towards higher margin variants. It noted that the same period a year ago was "supply-constrained".
The Pi 5 single-board computer (SBC), launched at the end of last October, sold 1.1 million units in the first half, with overall unit growth at 31%.
Shares jumped 60p to 658p, valuing the group at just under £1.3 billion.