13 June 2018 – trading update
The group has issued a trading update for the year to 31 March which has confirmed that it has continued to trade strongly in the second half of its financial year despite the severe winter weather. There has also been a positive contribution to the results from H Peel which was acquired last July. The results for the year are ahead of management expectations and also those from the previous year. The company is expecting further progress in the current financial year and the shares look solid value. A move back to last year’s high of 90.5p would represent an increase of 16% whilst the dividend yield is likely to be over 3.8%. The shares are a BUY.