Outlook downbeat24 Jan 2013 11:07
Not sure about over-reaction, clogheen - sp up strongly before on growth story & outlook for year seems a little less than fully positive (order book down; back loaded etc etc). Opinion only
Some excerpts for everyone else here!
"This year will be one of transition, with a factory extension at our LED lighting business in Normanton, refurbishment of the recently acquired Shire Hill factory in Saffron Walden, the planned sale of our Tudor Works facility in Saffron Walden, the relocation of our main electro-mechanical business to Shire Hill, and the delivery of current expectations.
"Our strong order book and numerous near term opportunities, as evidenced by the contracts announced today, underpin our confidence in the achievement of current expectations for the year as a whole."
but elsewhere in results 2 sections jarred...
"We are mindful of continuing difficulties in the Eurozone but our strong order book and numerous near term opportunities underpin our confidence in the achievement of current expectations for the year as a whole."
&
"
Outlook
The exceptional level of activity enjoyed during 2012 continued at the start of the current financial year but has now eased off. The year is likely to be back end loaded but, as a whole, is expected to be in line with our expected growth plan and current expectations. We have a good base load and many near term opportunities in prospect, in all our activities, but particularly for LED lighting and LPA Transport+."
I'll "load up" lower - if the opportunity arises & ceteris paribus
atb
Jolly