30 March 2015 – trading update
The company has confirmed that trading in the final quarter of its financial year to 31 March has been healthy and that it has expanded its operations in the Far East through the opening of a new sales office in Shanghai to complement its existing facility in China. In addition, the expansion of the group’s facility in Luton is on track. The recent weakness in the share price seems undeserved and with the company forecast to make pre-tax profits of £4.6m for the year about to end for earnings per share of 7.4p we believe the shares are a BUY.