28 March 2017 – final results
Results for the year ended 31 December 2016 demonstrated strong progress. Revenue rose by 52% to £39.2m (2015: £25.8m) and adjusted profit before tax increased by 49% to £7.9m (2015: £5.3m). This translated into adjusted earnings per share of 7.63p versus 4.87p a year earlier and comfortably allowed the final dividend to be increased from 0.54p per share to 0.70p. An underlying organic growth rate of 20% was particularly impressive. The shares have now had a strong run lasting approximately six months and stand at a historic high. It may be wise to bank a strong profit at the current level and we believe that it is time to SELL.