Torday & Carlisle - More in the pipeline

T&C's remaining operational subsidiary, E Wood, has continued the strong trading performance experienced in the first half of the current year.

Yes indeed. An excellent disposal, PLUS a hidden trading update!

And then ....

The sale proceeds will initially be used to reduce T&C's borrowings which stood at £3.8m at the end of November 2005.

£3.8M compares to £5.434M at 30 June 2005, with £371k spend on share buybacks during the period. Looks another strong second half cashflow.