I read an article in Shares mag recommending the stock.
The shares have risen from approx. 56p to 67p in the last month or so but according to the article (by Timon Day) are still very cheap.
The company was formerly called Vibroplant and they are a specialist plant and tool hire firm.
51.3% of the stock is owned by the Pilkington family who are apparently putting pressure on for higher returns or a sale at over 100p per share.
Last year Jeremy Pilkington and the companys' finance director, Neil Stothard, offered to buy the company at 75p per share but the offer was rejected.
Profits up to March 2001 will be released late this month (June 2001) and apparently should more than double from 1.7million to 3.7million and reach 6million this current year.
In my own opinion if the firms' finance director is willing to pay 75p per share for the company then it must be worth a fair bit more than that.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's