19 April 2016 – trading update
The group has issued a trading update for the year ending 31 March revealing that trading in the second half of the financial year has been in line with expectations so full year results are likely to be in line with market forecasts. Pre-tax profits are therefore expected to be higher than last year’s outcome of £3.18m. The disposal of the Fuel Solutions Division in January has strengthened the group’s cash position and the final dividend is expected to be maintained at 4p per share taking the full year payout to 5.7p, the same as the previous year. The share price has moved up, but with solid prospects in the core Leisure and Vending business, the shares remain ATTRACTIVE.