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HML Holdings

  • BY: Andrew Hore |
  • POSTED: 13/11/2014 |

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.

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