Trading Update


Styles & Wood Group plc, a leading provider of retail property services to
premier UK retailers, makes the following statement on trading for the year
ended 31 December 2009.


The Group and its four divisions (StoreFit, StorePlanning, StoreCare and
StoreData) have continued to trade in line with management expectations. Revenue
and underlying* profit before tax for the year ended 31 December 2009 are
anticipated to be in line with expectations.


The refinancing completed on 29 June 2009 has ensured that the Group has a
strong balance sheet to weather the current challenging market environment. Net
cash at 31 October 2009 was GBP6.3m which is better than was expected at the
time of the refinancing, and this improvement continued through to the end of
the year.


Despite the tough market conditions, the Group has continued to secure projects
with key customers. Some of these projects include:


* Barclays - completed work on 4 flagship branches and the refresh of more than 30
other branches
* Lloyds TSB - rebranded 13 high street branches
* Morrisons - undertook work on 251 cafes
* Waitrose - 5 new stores handed over in 2009
* Co-op - continued rebranding of estate, converting 40 stores into new Co-op
format
* DW Fitness - rebranding and fit out of 4 fitness centres
* Home Retail Group - 8 new stores delivered for Argos and 6 for Homebase





The Board believes that with its robust financial position, coupled with its
strong, loyal customer base, the Group is well placed to take advantage of any
market upturn and maintain its market leading position. However, the markets in
which the Group operates continue to remain challenging and therefore the Board
maintains its cautious outlook for 2010.

Bought a few earlier - interims looked positive and the final results are due next week. Could be a good recovery play.imo

Part of the interims statement on 30th August 2012;

"An improved work mix for the first half of 2012 has created a stronger balance sheet and better positioned the Group for a significant increase in workload in the second half of the year. Our frameworks provide predictable, sustainable income streams and well organised and managed projects deliver positive cash. New work opportunity for 2013 is being discretely targeted to more evenly balance future years' weighting in order to realise further cost efficiencies and cash flow improvements.

Our weighted sightline for 2012 is currently tracking over 5% ahead of 2011 and the unexecuted order book for work to be delivered in 2012/13 is similarly showing an improvement of more than 10% over prior year."

Just sold out for a small loss here as it seems to be going gradually Southwards. Sadly the interim statement issued last year has proved to be overly optimistic.

This looks an interesting gamble.

If my research is correct, this company has a Market Capital of £3m and £3.5m in cash.

A turnover of around £100 million, new contract wins and annual profits of around 500k.

Hitting the year bottom.......Any thoughts

negative net worth £6m, no dividend to be paid for 2013.

Styles & Wood Group PLC
25 September 2013
25(th) September 2013
Styles&Wood Group plc
Freetricity appoints Styles&Wood Energy as installer for solar panel financing deal
Styles&Wood Group plc, the integrated property services and project delivery specialist, is pleased to announce that Freetricity, the leading UK solar supplier, has appointed Styles&Wood Energy,the Group's specialist renewable energy division, as the installer for its new financing deal which will fund free residential solar panels on up to 1500 houses a month. The new financing deal is being funded by Macquarie Bank.
Styles&Wood Energy will handle all aspects of site-surveying, specification and installation for the nationwide programme, which expects to generate in excess of 30MW of solar power. The rollout programme, which has recently commenced, is the largest free solar roll-out of its kind in the UK and represents a major boost for the market.
Tony Lenehan, CEO of Styles&Wood, commented:
"This is a significant project for the UK residential solar market and reflects Styles&Wood Energy's growing reputation in the field of renewables installation. This is the largest free solar roll-out of its kind in the UK and we are excited to be part of this leading UK initiative.
"The development of the Group's Renewables division was core to our diversification strategy, and this major project demonstrates that the Group now has the capability to deliver large scale installation programmes on a national basis. We are confident that Styles&Wood Energy is well placed to deliver sustainable profitable work streams and we remain focussed on the continued growth of the division as the demand for alternative energy sources continues to increase across the UK."

Top riser today with a 18% rise.

It's taken some time !

Moving again today.

One broker saying that cash generation is such that it could have its entire market cap in cash in next 5 years or so. But likely to see acquisitions before too long??

Another cracking day here!