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Torday & Carlisle - More in the pipeline

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SteMiS - Thu, 22 Dec 05 :

I'd be suprised if the Company don't have a buy order in to get a chunk of shares at this price. With underlying EPS for this year possibly as high as 22p (albeit on zero tax charge) this is very undervalued at the current price.

With net debt of £3.8M at end of November and £1.35M just received, they certainly have the fire power to take out another 10%+ of their own share capital. Whether there are the shares a round to do this is another matter.

I'd be suprised not to see an announcement soon.


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