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James Latham (AIM:LTHM) – encouraging AGM statement

26/08/2015 · James Latham (LTHM) 

The importer and distributor timber which was featured in our Blog ‘Bargain hunt – Chapter 3’ earlier this week has issued a reassuring AGM statement. 

The statement confirms that revenue for the first four months of the current financial year (April to July 2015) is 7% higher than the same period last year with margins also higher.  Overall the Company is trading in line with full year market expectations, which are currently for pre-tax profit of £10.8m and eps of 44p.

There was the usual caution from management with comments how “the trading…

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