May Gurney (AIM:MAYG) continues to impress
The contract, which begins April 2012 and involves collection of waste from 147,000 household, is valued at up to £126m for a 14 year period with potential for a further 7 years extension.
MAYG has delivered consistently over the past five years and the valuation at c9x 2012 forward estimates and 10.5x 2011 actual, with a prospective dividend yield of approx 3% continues to look modest given the impressive track record. The shares remain approx…
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