Northbridge Industrial Services -277.5p

31 December 2013 – Pre-close trading update

The group put out a solid trading update for the year to December 2012. The performance of the second half was robust , with delayed first half revenue flowing through. These contracts are continuing into the first quarter of this year which should provide a good start to the year. On a rating of  8.5x, the shares remain good value. BUY

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