Provider of tool and equipment hire and related services in the UK and Ireland through a nationwide network of over 250 locations.
29-Nov-2017 – 28p – £47.7m – PER 90.3
Q3 Results For The 13 Weeks To End September 2017 – An in-line statement.
Stockopedia still classes this as a Speculative Value Trap. There is huge Net Debt here (at 5x current Mkt Cap) and Broker forecasts are still not showing any signs of improvement. I cannot invest here at present.
14-Feb-2018 – 24.25p – £41.3m – PER n/a
Trading Update For The 12 Months To 30 December 2017 – In-line with guidance given in August – H2 adjusted EBITA of £8m – £11m. Cost reduction process going well
Still, with so much Debt here it’s just not for me.