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HML Holdings

  • BY: Andrew Hore |
  • POSTED: 21/06/2011 |

Property management services provider HML Holdings increased its pre-amortisation profit from £352,000 to £502,000 in the year to March 2011.

Controlling costs will help HML continue to grow profit. Units under management increased 11% to 30,000.

HML grew revenues from £9.03m to £9.39m but changes to revenue recognition means that the underlying like-for-like growth was 8%.

The business is cash generative. At 11.75p a share, HML is valued at £3.71m. The shares are trading on nine times 2011-12 forecast earnings.

Download the June 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJune2011_21.pdf

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