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Cosalt - Q3 turnover increases 51%

November 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CSLT
  • Price:
  • 240p
The Q3 update shows turnover in the core safety and protection business rose 51% over the comparable figure in 2007. The majority of this uplift is from GTC, which was acquired last October, while trading in the rest of the division has remained strong with the recently improved operating margins being sustained. No news yet on the deck-clearing sale of its non-core holiday homes business, although this is believed to be imminent. Broker Landsbanki has slapped a 433p price target on the shares. Keep holding for more . ...

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Cosalt - Prospective PE slips to just 3.0 (April 2009)
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