Red24 (AIM:REDT) – positive update brings out upgrades
The AIM quoted crisis assistance company has announced a positive trading update with the result that financial performance for the year to 31 March 2015 will be ahead of current Board expectations
Having had a tricky 2014 it’s pleasing to note that prospects continue to improve with a number of new business wins and a particularly busy quarter for operational responses in the special risks area.
Consensus estimates for the year ending March 2015 were previously for pre-tax profit of £0.8m and eps of 1.30p putting the shares on a very modest rating of approx. 12x current year estimates, especially if one factors in the net…
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