4 June 2015 – trading update
The group has revealed that trading has not recovered even though the oil price has rebounded from recent lows. As a result the company’s profits for the year ending on 30 September 2015 will be lower than forecast and the negative impact will also be felt in the next financial year – although medium term prospects remain sound there seems little incentive for investors to buy in at this point and we believe the shares are now just a HOLD.