Trading Update20 Oct 2023 12:49
There are not any broker notes, But One source are these Extracts from Stockopedia 20/10/23... on rrading update:
Lots going on, with new sites, and refurbs, all self-funded from cashflow.
Net cash of £52.4m, plus undrawn £25 RCF.
Final divi of at least 7p. Stockopedia shows a forecast yield of 5.3%, very nice. Especially as the likelihood seems to be that future divis could continue increasing, as the business expands. Self-funding growth, and paying a 5.3% yield, impresses me a lot.
Assuming no change in forecasts, then Stockopedia has it on a forward PER of only 12.0x - that seems smashing value, for a high margin, self-funded growth company, with plenty of net cash, that is paying a >5% dividend yield.