TON released their final results mid morning.
http://www.investegate.co.uk/titon-hold ... 00028302R/
Earnings rose 21% to 15.2p and the share price rose about 15% to 108p putting the shares on a current PER of 7.1. Current market cap is £11.6M.
Dividend up 17% to 3.5p.
The other thing with TON is its balance sheet. It's always been very strong containing significant net working capital, cash and freehold property. NAV is £13M with only about £0.5M of that intangible assets.
Outlook is encouraging with current trading showing an improvement versus the same period last year. A great little value stock.
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Titon (Final Results)
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