AUGUSTMAN
- 12 Jul 2005 13:39
Has anyone got any thoughts or news re Huveaux??.
I have followed these shares with interest for the last year.
The share price grew steadily until the company did not quite meet expectations in february.
Up to that point the chairman had been very bullish about the company's prospects, as he still is (Growth Company Investor - March / April). He has reacted to the market criticism by basically keeping quiet, however a trading update is now due looking at last years timings - probrably witihn the next 3-4 weeks.
Today there is at last interest in the shares - is this the first sign of the long awaited move north?.
The market conditions have been right for Huveaux - there has been a general election - Blair is chairing the EU - THE POLITICAL DIVISION IS THRIVING - and the company is profitable, with cash in the bank.
Is another acquisition in line - maybe, but maybe not just yet - perhaps it is the Mr Van Kuffeler just wants to show the city that the company is in excellent order before clouding the performance issue with further expansion.
I believe that Huveaux will unveil figures that show that it is well back on track and ready to move forward at a pace.
Make your own mind up but these shares are worth a look!.
As the chairman said back in March "The only sin we committed was to allow the market to get overexcited" - I think its maybe time for more excitement.