12 January 2011 – trading update

The last quarter of 2010 saw the group put up a strong performance and results for the full year are expected to be in line with market forecasts.  The group has started the new year with a strong order book, up 42% on a year earlier, while strong cash generation in the second half means that net cash at the year end should have been £4.5m.  The order book provides greater visibility of earnings going forward and although the shares have enjoyed a good run they are still GOOD VALUE.