10 July 2012 – trading update

The housebuilding and construction group have put out a positive statement with results expected to be inline with market expectations. In housebuilding the group are exceeding the three year transformational plan aided by their Southern bias and relatively young landbank. Construction continued to  put in a resilient perfomance in difficult markets. The group  ends the year with net cash of over £20m. Even following a good run for the shares the stock remains a BUY.