14/12/2007
Discover Leisure, the leader in the UK caravan market, has produced profits in line with expectations and provided an upbeat assessment of the current year – despite the credit squeeze. The firm’s broker, Panmure Gordon, forecasts £3.5 million pre-tax in the current year, which sits well beside a market capitalisation (at 16.8p) of just £26 million. The firm says the company’s land holdings are worth at least £20 million – and could be worth as much as £30 million.
Tipped here in July at 24.5p and now 15.75p, the shares have clearly been disappointing. But with big benefits to work through this year from the integration of last year’s two big purchases and a lot of assets for underpinning, the shares remain a hold.
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| AIM | £0.74m |
0.48p
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0.00p
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| Other company articles: |
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