VP PLC Research shows it's a strong buy for 2002>>

Nice post Green Sand, and HNY to you too.

The H1 bias to the forecasts presumably reflects the TPA summer season - but imo the forecasts have over-compensated. They assume £14m PBT for the year, but the non-TPA businesses alone made over £6.9m operating profit in H1. Merely repeating that with no growth in H2 would give £15.7m operating profit (with no TPA H2 contribution at all), less financial expenses giving around £14m net as per the forecasts. But this assumes no growth at all in the core businesses, in what is also usually the slightly better H2, whilst assuming no profit at all for TPA in H2.

Based on the above there could be significant room for VP. to beat forecasts.

Bit of a chart breakout too today by the look of it.