EPS FY 2013 were 16p ---UP 160% on 2012 -- absolutely fantastic results.Since results the SP has fallen back with profit taking.Historic P/E is now 15.6. This is a great entry point for new investors or topping up IMO.Hopefully another contract win RNS soon !!!
my only thought is that the forward p/e is a little punchy but i am not sure where these forecasts are coming from - i dont have the broker note. i think i saw there was a broker note from WH Ireland saying 400p, which doesnt quite tally with the 0.10p EPS FY14 forecast. Will dig some more into this tomorrow
I can't fathom it out either. I bought this share about 6 months ago and topped up after the last set of figures. Investors Chronicle recommended it as a 'Buy' but and it's gone backwards ever since. I'm in it for the long term as I think it's a great company but I do find the drop strange
Yes results really are stellar. Sometimes it takes a few days with a smaller co for the news to filter through. I suspect IC next week will feature this one again in their 'buys' I think it's definitely one to hang on to
Pretty stellar rather than just solid I'd say. Drop today a bit hard to fathom - hard to claim they were already in the price, but perhaps it's a case of folk selling on news when it didn't immediately shoot up on such good results. However, I suspect it will creep up and they'll regret selling.
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