Property management business HML Holdings continues to grow its revenues helped by recent acquisitions.
In the six months to September revenues increased by 16% to £8.3m, including £300,000 from acquisitions in the period and £200,000 from acquisitions in the previous second half period. Pre-tax profit improved from £538,000 to £611,000.
House broker finnCap forecasts that full year profit will improve from £1.3m to £1.5m.
Net debt was £441,000 at the end of September 2014. Cash generated from operations should finance deferred consideration.
At 32.5p a share, HML is valued at £12.1m. The shares are trading on ten times prospective earnings.
Download the latest AIM Journal from http://www.hubinvest.com/ AIMPDFNovember2014_62
© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.