I didn't like it. Given all the numbers were up in 1H, the second half seems to have been pretty bad. Even the revenue figure, up 4.7%, hides the fact that 2H revenue was down 8% on 1H.
EPS down 25% doesn't, to me, justify a P/E of over 20. Maybe there's a story in there, but I didn't feel convinced. These have done me pretty well over the last two year, but I was happy to sell out the lot shortly after these results came out.
MVF Price at posting:
$1.00 Sentiment: Sell Disclosure: Not Held
