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Fiske

  • BY: Andrew Hore |
  • POSTED: 12/02/2009 |

Fiske chairman and chief executive Clive Harrison says market conditions are the worst he has seen in the past 47 years.

Harrison expects things to get worse before they get better but he hopes that the stock market has bottomed. He does not expect the economy to improve before 2010.

Fiske still intends to maintain its interim dividend at 2.5p a share.

The broker and Aim adviser moved from a profit of £400,000 to a loss of £139,000 in the six months to November 2008. Most of the loss was down to a goodwill write-down.

Fiske has cash of £3.25m.

At 53.5p a share, Fiske is valued at £4.47m. 

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