News blog
Silverdell
- BY: Andrew Hore |
- POSTED: 08/02/2011 |
Asbestos removal firm Silverdell says that first quarter trading has been hit by the deferral of spending and the cold weather.
Strong orders in November and December and early in 2011 mean that management believes that the present revenue shortfall could be made up in the rest of the year. That includes £500,000 of work in Canada.
House broker FinnCap has maintained its profit forecast at £3.1m for the year to September 2011.
At 10p a share, down 0.75p, Silverdell is valued at £15.2m. The shares are trading on less than seven times 2010-11 forecast earnings.
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