Engineer Widney has 'greatly lengthened' its order book and earnings visibility via new contracts won by Widney Cabs, the Airflow Streamlines division it bought for £5.25m in May (when it was in administration). Widney cherry picked certain assets of Airflow Streamlines' production division and negotiated contracts worth more than £40m a year to make 'cabs' (the part the operator sits in) for agricultural and construction equipment. Widney Cabs has now secured New Model replacement products for three of these major contracts. Enticingly, this represents sales of up to £20m a year with an unnamed OEM (rumours suggest existing Widney customer Caterpillar). This is a great bit of news for the company, which reported much improved half-time numbers to 3 April at the end of May. Profit before tax sparked up 17% to £472,000 on a higher turnover of £9.48m (£7.99m). Pre-exceptional earnings held at 1.56p and the dividend doubled to 0.5p. The Widney UK arm saw strong demand for its telescopic slides and vehicle window systems, and Belcot, which makes metal press tools for the car industry, performed well yet again. All this despite rising raw material costs: steel prices rose sharply and other raw materials linked to oil prices were also on the ascent. For the current year, analysts were going for 6.9p of earnings, though upgrades now look very likely. The shares are worthy of attention.