The national financial adviser of choice for Middle Britain.
20-Feb-2018 – 24p – £31.4m – PER 16.0
Final Results For The 12 Months To End December 2017 – Revenues up 13% to £54m (2016: £48m), PBT up 32% to £2.5m (2016: £1.9m) and the combined annual Dividend will be 55% higher than 2016.
Quite liking this, it’s going on my Watchlist, 22p, for now.
20-Jul-2018 – 37.5p – £47.9m – PER 22.0
Trading Update For The 6 Months To End June 2018 – In-line.
2017 growth was excellent but looks like Revenue in 2018 and 2019 will see just a small rise with EPS growth of 10% each year. On a PER of 22.0 this seems at best fairly priced here – I will take this off my Watchlist for now and go Neutral.
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