Red 24 (REDT) - fantastic half year results and decent value!
Red24 plc, the provider of a range of assistance services, offering risk management in a number of fields announced excellent results for the half year to 30 September 2013.
This one still looks decent value at current levels!
Revenue from continuing operations increased by 17% to £3.22 million (H1 2012: £2.75 million), profit before tax from continuing operations increased by 12% to £457k (H1 2012: £409k) and the interim dividend was lifted 10% on final dividend last year. It was eventful period with new contract wins in accident and healthcare, including renewal of the AIG contract for three years to March 2016. The acquisition of a 25% stake in an enlarged training business - Linx International Limited (“Linx”) following the sale of Arc Training International Ltd (“Arc”) to Linx with the merged training businesses are performing ahead of…