Andrew7 Apr 2010 18:02
your right and myself, tuggers, sd and tarles decided to buy this a few days ago after extensive research. we did not post as we did not want to be seen as promoting the share as is it is risky. However, we were all looking for a nice risk and reward share. there is no doubt that this share has an element of risk but also a potentially nice reward. the key to this firms sustainability, survival and basis is work confirmed under framework agreements. this will form the backbone of its continued growth. it is also worth remembering that they have these agreements in growth sub sectors of the retail sector, namely supermarkets and banks both of whom are seriously expanding and rebranding respectively.
the out of hours working is actually a good little earner as well. fit out contractors that I work with charge inflated rates because of the out of hours working.
This share undoubtedly contains a proportion of risk that is higher than say BARC but lower than a jnr oily. it has an upside greater than barc but maybe lower than a jnr oily. it is about balancing and mitigating the risk effectively.
Thanks for your post. It helps to keep the sp and future sp in perspective.
GL
HM