Looking for value stocks27 Feb 2011 23:09
REAL is a closely held stock operating in the office fit out market on a global basis. Details can be found on the company website http://www.realofficegroup.com/ The last set of figures, 6 months, showed a turnover of £8.6M with GMP of 15.5%. This yielded a profit of £500K. They had £400K cash which is quite typical of the sector within which they operate (ref STY) and have closed down loss making operations which should reflect positively in forthcoming results.
The share price has been has high as 25p in previous years and can currently be bout for under 1.75p. There has been no dilution of stock.
This looks like a value share, one to buy and hold as any good news will see a significant re-rating in a very short time. With markets turning positive and peers such as HVE and STY already recovering it would not suprise me to see REAL follow suit.