AGM today......

Heading up again this morning: WGB Bid: 52.5p Offer: 53p Change: 0.5 only 33K traded so far.

I baled out of my trading play in WGB today as the SP has dropped off: WGB Bid: 51p Offer: 52p Change: -1.25

managed to preserve a 5% profit, though

If it gets back below 50p and the spread returns to that nice 0.5p, I might have another go at this.

Luxury interior furnishings group Walker Greenbank issued a positive pre-close trading update. This little business has been delivering some terrific numbers over the past few years - See more at: http://www.investorschampion.com/blog/

High growth company at the moment but the PE is a bit too high. On expectations of EPS of 10p for the Year ahead, the PE is just over 20, notice the Interim dividend is is a mere 0.44p ............

204.50p +2p
Walker Greenbank hikes H1 profit

Walker Greenbank has hiked its H1 pretax profit by 25.8% to £2.89m, from £2.3m. Group sales were up 11.4% to £45.8m, from £41.1m. Interim dividend was up 25.7% to 0.44p a share, from 0.35p.

Highlights
· Group sales up 11.4% to £45.8 million (H1 2014: £41.1 million),
· UK Brands sales up 7.6% and overseas Brands sales up 11.6% in reportable currency, 13.5% in constant currency
· Profit before tax up 25.8% at £2.89 million (H1 2014: £2.30 million)
· Adjusted profit before tax* up 12.3% at £3.68 million (H1 2014: £3.28 million)
· Strong performance from Manufacturing with total sales up 8.2% at £18.6 million (H1 2014: £17.2 million) including digital fabric printing sales up 35.0% at £3.2 million
· Earnings per share up 19.5% at 4.04 pence (H1 2014: 3.38 pence)
· Adjusted earnings per share* up 3.9% at 5.35 pence (H1 2014: 5.15 pence)
· Interim dividend up 25.7% to 0.44 pence per share (H1 2014: 0.35 pence per share)
Chairman Terry Stannard commented:
"Brand sales in the first ten weeks of the second half are up 7.5% in reportable currency (7.9% in constant currency) compared with the same period last year.

"This is an encouraging performance ahead of our key Autumn selling period and reflects strong trading in the UK, where Brand sales are up 7.5%, and in overseas markets, where Brand sales are up 8.5% in constant currency.

"Manufacturing also continues to perform strongly. The Board remains confident of meeting expectations for the full year."