News blog

Vianet

  • BY: Andrew Hore |
  • POSTED: 22/04/2015 |

Fluid monitoring and vending technology supplier Vianet says that its figures for the year to March 2015 will be slightly better than for the previous year and the total dividend will be maintained at 5.7p a share.

The uncertainties surrounding the regulation of the pubs market continue but the beer flow monitoring business maintained its second half contribution to the figures. Vianet continues to invest in developing a business in the US. Pub closures continue but the loss of business is covered by new sales of higher margin services. Fuel solutions made a small profit while vending telemetry profit is building up and it will become increasingly important to the group.

House broker Cenkos forecasts an improvement in underlying profit from £2.4m to £2.6m. The broker has trimmed its 2015-16 forecast to £2.8m.

The full year figures will be reported on 4 June.

At 89.5p a share, Vianet is valued at £25m. The yield is 6.3% and the prospective 2015-16 multiple is nine. 

AIM Journal April 2015 available.

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