Had a punt on this14 May 2009 12:39
Agree that this looks a little undervalued. Last results gave the follwing
Revenue from continuing operations up 82% to £62.7 million including the full year effect of the 2007 acquisitions and Rainbow Tours (2007: £34.5 million)
Strong forward sales: up 36% to £25.7 million at 30 September 2008 (2007: £18.9 million) and up 28.3% on an underlying like-for-like basis
Gross Profit from continuing operations up 73% to £9.7 million (2007: £5.6 million)
Underlying operating loss from continuing operations £2.0 million (2007: £1.2 million). Loss for the year of £4.4 million (2007: loss £2.3 million), is in line with management expectations
Cash levels remain strong with a cash balance of £8.3 million at 30 September 2008 (2007: £13.4 million)
The group has no debt and no material forward commitments are required for the group to operate in the 2008/09 financial year
This was in December. Last trading update was relatively positive in light of a seasonal lull.
Any thoughts on this people?