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Honeygrove plc - A property minnow with big assets     

thestatusquo - 27 Aug 2004 14:30

Been watching this little company for a while, and was interested to see it tipped in Shares as a play for the coming year.

The potential profit of 15-20million for the Swaylands development of luxury homes over the next 2 years is very exciting.

Company is currently valued at only 11million. Doing the sums, if profits can reach that 20million in 2 years, a reasonable p/e ratio of 10, would push this company towards a valuation closer to 100-200million.

Next years p/e of 2.5 is cheap. Throw in a potential takeover recently announced by the board.

hangon - 13 Jul 2006 16:24 - 13 of 13

This thread should be closed - HYG is now a different trading company.

It is part of the stupid Confusion that the LSE perpetuates instead of moving to 4-character EPICs for all new companies.....thereby giving us about 25 times as many Codes as we have at present...
Dozey so-and-so's.
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