19 April 2017 – trading update
Improved trading in the second half of the financial year means that results for the year to 31 March will be in line with market expectations. Thus pre-tax profits of £2.4m can be expected for earnings per share of 7.0p. The dividend is expected to be maintained at 5.7p meaning that the shares yield over 5.8%. Although growth prospects seem solid rather than spectacular the shares are a BUY FOR INCOME.