RE: Bear24 Oct 2017 11:14
and unpredictable too Jolly as it has in fact back-peddled to 70p on the ask despite my confidence that 75p ask would be throwing its hat into the ring.
As Xajorkith posted on the other board
*2.4m PBT in the last FY, equating to eps of 11.3p.
* Confident outlook stating in July they had a "particularly strong order book for the time of year� (they did 1.1m PBT & eps of 5.2p in H1 last year).
* Recent acquisition of H Peel & Sons (their first for nearly 10 years) should give a major lift to profits/eps going forward, with an average 0.6m PBT over last 3 years.
* Strong cashflow, moving from 2.5m debt to 0.6m net cash in the last 12 months - with the confidence to pay a special dividend & further earnings enhancing acquisitions likely.
* New 3.5m banking facility (until May 2020) at a reduced interest rate, which �will provide the Group with a much more flexible funding structure and permit a wider range of options for capital allocation in the future".
All the building blocks are in place. Invetsors need to lego their inhibitions and pile in here. Watch the SP rise from here before results.