6 April 2016 – final results
Results for 2015 have been released. Revenue was up 10% to £312.3m (2014: £284.6m) and adjusted earnings per share were 3.2p (2014: 8.4p). A final dividend of 0.57p per share takes the total for the year to 1.14p. The company has been through a tough period and we expect better performance moving forwards. However, the shares do not look to represent the same value as at the time when we originally tipped them and there are better opportunities elsewhere. We therefore think now is a good time to lock in a profit and SELL.