Tricorn Group – 23.25p

6 December 2017 – interim results

Revenue for the first half of the financial year was £11.4m (2016: £8.9m).  Operating profit broadly doubled to £388k (2016: £187k).  After finance charges the underlying profit before tax was £370k (2016: £4k).  Underlying earnings per share were 1.00p (2016: 0.01p) and after deducting non-underlying items basic earnings per share were 0.66p (2016: loss per share 0.74p).  The company is clearly moving in the right direction and especially given the low market capitalisation we feel that there is scope for considerable growth over the longer term.  BUY.

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