gearing is fairly high at 64% the current ratio is good at 1.03 although the debt / asset value is level with no cash, (may need to make a placing in 2006),
don't like the consultancy side of the business, too flakey in these uncertain finacial times, the property claims business looks good and the motor business looks excellent.
They've certainly turned things around looking at the last set of numbers and as long as they can consolodate then move on again, the business looks good.
only 3 mm's tho.
looks a good little play for the next 12 months, IMHO,
but i'm fully invested in ELA and CEN at the mo and as ELA runs it's course (Ty back to market), i'll be moving everything into CEN for the next 24 months, (currently have 665k and want to increase to 1m)
