25 September 2019 – interim results and name change.
Interim results for the six months ended 30 June 2019 showed revenue from continuing operations up 9% to £39.2m (2018: £36.1m). Headline profit before tax was up 10% to £3.4m (2018: £3.1m) and headline diluted earnings per share on the same basis up 9% to 3.12p (2018: 2.85p). Net bank debt at the period end was £5.1m versus £7.8m a year earlier. The interim dividend was increased by 10% to 0.77p (2018: 0.70p) and this is payable on 29 November with the ex-dividend date being 31 October. A repositioning of the company has also been announced it is changing its name to The Mission Group with the shares moving to this name on 27 September. The shares look cheap and still rank as a BUY.