good annoucement, page-3

Only on a PE of 12, both for previous FY and based on forecast for this FY. Not overly high.
Issue may be that they only confirmed their previous forecast of 92m full year profit. Implies a weaker second half compared to first. Not a concern to me as construction and development results in lumpy income.

Many companies which are only acheiving forecast earnings are being sold down, eg LEI. On expect it to be only a short term reaction.