A pretty "steady as she goes" report.
They make a bit of the debt paydown when in reality they are paying down very little and ratio's improving more on the basis of increase in equity. Still, not so easy for small businesses to get new debt facilities - easier to keep the ones you've got, so invest the money in new equipment while it's possible and build up tangible assets.
Looking for a slight improvement next year in sales and profits, but I think they said that last year. Still, looks a fairly safe hold and pretty cheap on most ratios.
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A pretty "steady as she goes" report. They make a bit of the...
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