4 February 2020 – AGM statement

At the company’s AGM it confirmed that trading in December and January had remained subdued and well behind last year.  However, the order intake in January was strong, showing a significant increase, and although these are unlikely to benefit the first half of the year there are encouraging signs for an improvement in the second half.  The company has significant cash balances and based on the dividend last year of  22.8p the shares are yielding 11.8%.  BUY.