hewittalan6
- 17 Feb 2007 17:54
Just read an interesting article in a local magazine by Redmayne Bentley, tipping this one as a buy. Finals are due March 31st and the broker thinks things should be looking up.
Apparantly the company have been busy getting rid of their extra curricular arms and going back to concentrating on supplying finance. They have also reduced and levelled their cost base so that any growth goes straight on the bottom line.
Top and bottom of it is, Redmayne Bentley beleive this will grow rapidly over the next 12 months as it has finished its refocus and should have a fairly positive set of finals.
Anyone else got any views, or know any news?
partridge
- 19 Feb 2007 13:57
- 5 of 5
Alan - Your comments validated by apparent interest today in Kensington. Equally relevant is the point about the likelihood of credit downgradings for some secondary lenders as default rates rise on the back of rapid increases in bankruptcy and IVAs.For the brave perhaps, but me, I'm a coward.