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So dec 2015 they had PBT of 13.3m. Compared to 16m in 2014. They are suggesting ahead of 15M this year. They turned over 168.4m last year. Citigate and Grayling both lost 7% last year. Going to be a lot of number crunching tomorrow. See what happens here and if the margins at Grayling have improved for 2016. I forget the H1 figures. If the figures show a return to profit and strong growth then share should rise. If the improved PBT is mainly due to currency I would be concerned. I think all the directors buys here is a good indicator. This is a very lack lustre forum for Huntsworth. Mainly due to fact the funds control well over 70% of the shares if not more. (Many funds below 3% too.) So less PI posting here.
Results fine ......With health doing very well, if they can now turnaround Grayling as promised, the future looks bright. In the meantime , we have this seller who is keeping the share price down but he will eventually get taken out . Looks a good recovery story imo with a good 4% dividend yield.
Interesting. 52% of revenue in US dollars. Revenue increase of 14.1m due to exchange rates. If the pound soars here revenue/ profits will be impacted next year. At present pound is more likely to fall? That is a big increase due to exchange rates. Likely impacted profits too in a big way. 30.5M goodwill cost all attributed to Grayling. This is purely a paper based exercise as debt has actually fallen 5m or so. 'In the Interim Results announced in July 2016, goodwill was impaired by £15.0 million, in respect of Grayling. A further impairment of £15.5 million was booked at 31 December 2016 following the restructure of the US lobbying business, including the post-year end disposal of Whiteboard Associates.' They need to draw a line under Grayling as these diverging businesses and other closed buisnesses(Swedish offices/ American lobbying) are hampering what would of otherwise been respectable results. Like for like sales up 1% overall but mostly because of Grayling. If they have turned the corner here than 2017 could be very strong for Huntsworth if the Dollar maintains it's strength. It is a case of smoke and mirrors as exchange rates really do hide the real numbers here. The movement of SP today will have been impacted by funds in the background. If the funds like the results then this will surge as the sellers clear out. Of course if i was selling I would wait for the surge and then sell. So need to see where the Sp settles here. No real reason for it to fall here.
Good analysis go trader but think you were over-cautious. Good bounce today which probably even yet does not reflect the strength of yesterday's figures. Seems like a good trading share as it moves between 39p and 47p. If it started paying a divi again it should get a boost as it has a reasonable yield. That as much as anything would be good PR for the share and help underpin the SP.