hawick
- 17 Aug 2004 10:14
I have just bought shares in this company. They have just announced a return to profit today of almost a million after tax. The market cap is only 7.3 million, every division of this insurance firm is now trading profitably and there is talk of a fast increase in cash balances as well as a return to dividends within the next twelve months.
Having had a brief period in the doldrums following several expensive acquisitions, they are now fully integrated and this company will now grow quickly over the next twelve months, could easily double profits and fair value is probably around 120p (current price 69.5p). Very bullish outlook statement.
Ask your broker if they trade Ofex shares, with badgering most will get a hold of some now that Winterfloods and Teathers among others are marketmaking in ofex.
Some numbers: B-M profit after tax 991k, market cap 7.3 million, No dilution; eps 8.4p, p/e under 9. If they do double profits next year, prospective p/e under 5.
Well worth the effort!
goldfinger
- 20 Aug 2004 10:33
- 10 of 10
Hawick I beleive that money am have software for detecting multiple alias.
Having said that I have indeed seen this very same post entered at the same time period on other sites.
Surely cant be a coincidence especially when the full article was not posted.
Jules anything to say???????????????.
cheers GF.