25 February 2015 – final results
We carried a page 1 feature on Molins back in October and the company has now issued final results for 2014 which are in line with expectations. Although underlying pre-tax profit was down to £3.3m (2013: £5.4m) for earnings per share of 11.9p (2013: 23.9p) the dividend for the year was maintained at 5.5p. Although another mixed year looks likely in 2015, the yield of 6.9% is attractive and the shares have recovery potential. BUY for that.