Solid results - Big bounce coming24 Sep 2018 08:23
Well dropped on an update from over 200p, the results and forward looking statements now tell us the sell off was unwarranted. I think current market conditions into consideration 150p is reasonable
We have started the second half of 2018 well, buoyed by the impact of recent acquisitions and positive signs of recovery in a number of key segments and markets. Management has worked to continue the diversification of the Group's core operational activities, with continuous focus on setting strong foundations, and adding both scale and product diversity. We believe these measures and the investments made will underpin growth in the medium term.
The Board is therefore confident of meeting profit expectations for the full year and as such is declaring an interim dividend of $6.5 million or 3.0040 Â cents per share , to be paid in Pound Sterling (2.2728 pence per share) 2 November 2018 to shareholders on the register at 5 October 2018 Â . The ex-dividend date is 4 October 2018.