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kenmitch - Tue, 03 Jan 06 :

Looks an excellent acquistion, and just as promised in the recent results statement when they said they were looking for small earnings enhancing acquisitions.

This one should be immediately 12 - 16% earnings enhancing, and seems a bargain buy?

Profits of 360,000 euros pre tax on a turnover of under 900,000 euros is OK!

So bought on an historic single figure PE ratio.

Interesting buys at the end of the day too. Seems there were two buys of 300,000 shares at 110p against a then offer price of 108p and 109p. Am no expert on this aspect - but could it bode well for a decent bounce in the share price tomorrow?

Whatever, as TOL say, their year seems to have got off to a flying start.


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