Avesco Group Forum

Another note from Edison: "A good H116 from Creative Technology, particularly in the US, underpins our maintained profit forecast for the full year. Avesco’s FY14 restructuring is clearly delivering on the promise to smooth results between odd and even years, while the recent sale of Fountain Studios has realised cash to pay down debt and increase targeted investment in equipment. With a progressive dividend, a discount to net assets and a very modest multiple, the group is an attractive and coherent investment proposition." got this from Research Tree too

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"Group earnings quality continues to improve as a result of restructuring, and involvement in the Rio Olympics will help H2. Post the Fountain Studios property sale, the balance sheet is strong with modest net debt. The shares are trading below NAV with earnings and dividends on an upwards trend. Strong trading, strong balance sheet. Revenue increased 10% to £73m (2015: £66m). Operating profit of £15.3m included profit from the sale of land and buildings at Fountains Studios of £9.8m (£7.7m post-tax)." finnCap wrote a note this morning, it's up on Research Tree...