The support services group focused on acquiring and developing companies that provide critical asset maintenance services.
20-Oct-2017 – 362.5p – £124.7m
Trading Update For The 6 Months To End September 2017 – An in-line update which includes this statement “Net cash at 30 September is expected to be in the region of £3.1m and the Group remains well positioned to continue its acquisition-led growth strategy”.
Up almost 20% this week, hope the insiders like this! I can’t see the big attraction but it’s on my list to look into a little more.
11-Dec-2017 – 340p – £116.9m – PER 23.4
Interim Results For The 6 Months To End September 2017 – Revenue up 104% to £36.0m, PBT up 90% to £2.4m (£1.3m last time) and EPS up 23% from 5.1p to 6.2p. “The second half of the year has started well and we remain confident of delivering a full year performance in line with market expectations”.
Having looked into this a little more I like the forecasts (they’re massively greater than any historic performance) and the fact it’s got Cash in the bank (albeit a small amount). IF the forecasts are met (and it looks like they may be based on this update) this is looking quite attractive here.