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what price should it be then son
85 - 95 now
90 - 98 now
I dont blame the MMs - This is NOT a very liquid stock agreed - but todays announcement is very good. And the MMs are just working the sp to the level it should be at.
Name me one company - just one company that has posted a profit in excess of £1.5 million and is valued under £5 million !
I already have. The mcap is too low. And this looks like a rerating in my opinion.
you home alone??
And only 15 trades
50% UP ALREADY
Only 15 trades so far and 50% up
Seriously undervalued in my opinion.
Have I read this incorrectly 1.6 million profit and current mcap only 5.5 million !!!!
Tex Group sales for the 12 months to 31st December 2011 were £36.8m compared with £33.1m for 2010. The December 2011 year was one of recovery for the Engineering Division which contributed a majority of the increase in turnover. Cost control combined with the additional turnover resulted in the 88% increase in operating profit to £1,600k.
WICKED !!!
Tex Holdings plc Annual General Meeting - Friday 17th June 2011 Chairman's Update on Trading In spite of the economic conditions, trading has been in line with expectations and ahead of the previous year. The Engineering Division is currently particularly busy, but management remain cautious of another dip in trading. The Plastics and Boards and Panels Divisions are trading ahead of the previous year. The Group is approaching the second half with cautious optimism as it is felt the general economic situation remains fragile.
http://www.investegate.co.uk/Article.aspx?id=201106171244096633I