STRONG BUY - Looking Good23 Apr 2009 15:43
This company looks REALLY good spot and a very stong buy if you can actually get the shares - need to do this in a couple of parts:
http://www.investegate.co.uk/Article.aspx?id=20090423073000P3E85s
HIGHLIGHTS:
Group revenue up 9% to £16.8m (2007: £15.4m)
* Operating profit up 21.5% to £1,148,000 (2007: £945,000)
* EPS up 19% to 7.51p (2007: 6.32p)
* Bank loans and hire purchase repaid £926,000
* Gearing reduced to 57% (2007: 74%)
* Total equity increased 18% to £5.1m (2007: £4.4m)
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Note: Current bank loans = just over £1.5M all secured against subsidary companies not attibuted to parent company.