20 January 2012 – trading update
Despite difficult trading conditions the company has performed in line with expectations in the second half and cash flow has remained healthy. The order book for 2012 at the start of the new year is healthy too. With pre-tax profits of £2.15m likely for 2011 for earnings per share of 6p, rising to £2.4m and 6.5p in 2012 the shares look GOOD VALUE.