News blog
Ultimate Finance Group
- BY: Andrew Hore |
- POSTED: 26/01/2010 |
Factoring and invoice discounting provider Ultimate Finance Group says that trading in the first half is in line with expectations.
House broker Arbuthnot forecasts a rise in profit from £406,000 to £500,000 in the year to June 2010. At 15.75p a share, up 1.25p on the day, Ultimate is valued at £3.15m.
The share price has trebled over the past year.
Demand remains strong and, more importantly, the quality of enquiries has improved. Ultimate has always been careful when it comes to the quality of business it takes on.
The full year figures will be published on 15 March.
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