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Manroy
- BY: Andrew Hore |
- POSTED: 09/07/2012 |
It has been a tough year for heavy machine guns manufacturer Manroy but things are looking up following a £4.1m export order.
The timing of the revenues is still uncertain. Manroy has to obtain an export licence from the UK government and deliveries will start three months later. That means the revenues will not come through until after the end of the financial year to September 2012.
Manroy had already warned that revenues for the year to September 2012 are likely to be around £7.5m, against a previous forecast of £11.3m.
At 73.5p a share, up 3p, Manroy is valued at £13.8m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2012_33.pdf
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