James Latham (AIM:LTHM) hardly the most exciting activity but a terrific performer nonetheles
Group revenue for the financial year to 31 March 2013 was broadly flat at £143m as was operating profit at £7.546m, with slightly higher trading margins offsetting higher operating costs. Pre-tax profit was £6.9m down from the prior year’s £7.186m
Eps was 28.4p (2012: 31.9) putting the shares on an historic 11x multiple.
Tangible net assets were £47.1m, including cash of £8m, which compares to the current market cap of approx £60m. The pension…
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