The global programme, project management and technical consultancy.

24-Nov-2017 – 67p – £48.7m – PER 7.68

Trading Update – A further revision to expectations confirms Operating Profit for the full year will be “substantially lower than current market expectations and in the range of £3.5m to £4.0m, with net debt expected to be in the region of £6.0m to £7.0m”.

This was already on my Avoid list and will remain there for the time being.

5-Dec-2017 – 38.5p – £28.5m – PER 5.84

Interim Results For The 6 Months To End September 2017 – Revenue up 3.8% to £76.2m, Loss before tax £2.8m (H1 2016: profit of £0.8m) after provision of £2.45m for legacy contract claims from discontinued businesses – So with Revenue up 3.8% why is the loss not limited to £0.8m – £2.45m (-£1.65m)? The Interim dividend is flat at 0.6p per share.

No signs here for me to be interested any time soon.

25-Sep-2018 – 58p – £43.8m – PER 11.3

Trading Update For The 6 Months To End September 2018 – Revenue and Profits to be broadly in-line with the same period last year – FY expectations unchanged.

Not sure this sounds so great based on a quick look at the forecasts on Stockopedia – I remain Neutral.

4-Dec-2018 – 44p – £32.2m – PER 8.47

Interim Results For The  Months To End September 2018 – A tough 6 months but results (they look awful) are in-line with market expectations. Expecting seasonally stronger H2.

I still can’t get excited here at present – Will wait and see how that H2 plays out.

Stockopedia Banner