FTSE 250 listing10 Mar 2016 13:43
we didn't make it this time. It happens every three months. Check out the stock market almanac for details, It was suggested in SCSW that PHTM might be a candidate as the market cap threshold is now around £600 million due to the declining share prices of FTSE 250 constituent members, PHTM is well run, only 23% of profits came in pounds sterling, with the remainder mainly in Yen and Euros. With the pound at all time lows due to Brexit fears this bodes well. Remember Japan is trading strongly, the laundry Revolution roll out is being ramped and the 3D photo ID driving licence cards in France will bring in yet more robust growth and profit straight to the bottom line. PHTM has great margins circa 70%. Couple that with the return of capital on cash balances over £50 million; -, In Jan that was £67 million, so we're likely to see a stonker of a special dividend with profits up and much more to come. A conviction buy and FTSE 250 listing will come soon.