14 June 2012 – interim management statement
In the 18 weeks to 1 June 2012 sales were up 6% despite weakness in print. The balance sheet is strong and a property in Crayford is set to be sold for £3.3m before the financial year end. A further three properties worth approximately £4m in total are surplus to requirements and the sale of these will boost the balance sheet, which is in good shape in any case. Although trading conditions remain tough this is already reflected in the subdued share price. The shares are GOOD VALUE.