Strong performance in 2013, with significant growth in revenue and profits.
o Revenue up 177% with work progressing on all 10 contracts previously announced.
o Underlying operating profits* increased to £3,555k, generating a return of 14.3% on turnover.
o Underlying PBT * increased by 251% to £3,432k.
o Reported PBT (after exceptional costs of acquisition) increased to £3,221k.
o Net assets increased from £1.3m to £65.7m, with strong net cash position of £17.0m.
http://www.investegate.co.uk/mar-city-plc--mar-/rns/final-results/201403250700380615D/
Mar City (AIM: MAR.L) the London and Midlands focused housebuilder is pleased to announce that it has acquired land, which will add a further 622 plots to its land bank.
http://www.investegate.co.uk/mar-city-plc--mar-/rns/land-acquisitions/201403250701310616D/
should read Thurs 28 Nov
legobrickgirl - yes should have pointed out share consolidation, target 150. Also 5 new ii's have taken a position here in last 3 months according to Reuters
Beaufort Securities initiated coverage of MAR on Thurs with the following broker note. Well worth a read:-
"Beaufort estimates the enlarged group will deliver almost a doubling of its earnings per share over the next two years"
https://www.beaufortsecurities.com/shp/research.php?vid=165
Have also sold a good part of my holding but believe BMY is a great Company and solid investment so have left some behind. Having got in at 116 I've seen a good rise and will put the cash elsewhere for a while. Will definitely be adding more here at some stage though.
Markthespark - yep BMY have managed to grab a large part of the cookery book market.
Another solid set of results and BMY seems to be going from strength to strength.
1987 - if you did sell good luck with whatever you go into next. Let us know how you get on.
Underwood - tough one but at least it's all moving in the right direction.
Lucky - enjoy the rest of your hols!
lol - well you never know!
Don't know where you are but assume it's somewhere hot and sunny and just to cheer you up even more it hasn't stopped raining here since you left.