Northern Bear – 86p

7 November 2017 – trading update

The specialist building services group has announced a positive trading statement covering the six months to 30 September, stating that adjusted pre-tax profits for the period will be ahead of both management expectations and the same period last year, which was a particularly strong result.  The group has traded strongly over the period and has also benefited from the acquisition of H Peel & Sons which was acquired in July 2017.  The group has a high level of committed orders and this bodes well for trading in the second half of the financial year.  Despite the rise in the share price we believe that the shares continue to offer GOOD VALUE.

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