partridge
- 23 Feb 2006 11:04
Miserable morning down south, so did a bit of a trawl through healthcare companies.Don't normally go for tiddlers, but although VDN only came to the market last year, it has been around for 36 years and its customer base looks a who's who of the pharma giants.Traditional business of manufacturing specialist storage cabinets now seen as base for expansion into outsourcing storage and other services for their customers. Interims suggest pretax margins of 20%. Debt higher than I like, but cash generation good. Based in Diggle - must be not far from you Alan (all I remember about it from my youth is that it has a tunnel under the Pennines!). Anyone in/any views?
halifax
- 13 Aug 2009 12:34
- 21 of 21
Agree don't understand either, a pity seemed to have promise.