RE: Big acquisition!24 Jul 2018 23:45
Proactive investor suggests :-
' Shares in Huntworth PLC (LON:HNT) sank 9.4% to 120p in late-afternoon trading after the medical communications group reported a net cash outflow despite profit and revenue increases in its interims.
The firm reported a pre-tax profit for the half-year of £10.3mln, up from £9.2mln in the same period last year while revenues climbed to £102.2mln from £94.2mln previously.
However, despite the increases the company recorded a net cash outflow of £1.7mln for the period, a reversal from a £6.4mln cash inflow in the prior year caused primarily by seasonal mixings and a change in the client mix.'
To be fair the share had risen 20-30% recently. I wonder if long term they will just focus on health stuff? More and more of their business is now US based. Has Huntsworth now peaked? See what happens.