News blog

Aukett Fitzroy Robinson

• BY: Andrew Hore |
• POSTED: 12/08/2013 |

House broker finnCap has increased its forecast for architect Aukett Fitzroy Robinson following a positive trading statement. 

The share price has risen more than 56% to 4.5p, which values Aukett at £6.55m. The profit forecast for the year to September 2013 has been increased from £300,000 to £500,000. There will be net cash at the end of the year.

The recovery in the UK is continuing and additional staff have been taken on. The European operations have increased their profitability with new orders in Germany. Russia should breakeven in the second half but it will lose money for the year as a whole. The Middle East continues to lose money. Returning those operations to profit would provide a boost to next year’s figures.

Aukett says that it may even be able to pay a dividend in 2014.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2013_46.pdf