Brulines announces challenging interim trading

Tuesday, Nov 02 2010 by
1

Brulines, the provider of operational monitoring systems and data management services for the leisure sector and fuel forecourts, announced that the group's underlying trade was marginally below management expectations for the six months to October 2010. Although trading levels were lower than expected, they were in line with the same period last year. The company's broker forecast an EPS of 12.0p in its note dated 26th October 2010.

Brulines' core beer monitoring business remains challenging as pub groups struggle with the economic climate, but the company reported good customer take up of its new i-Draught dispensing monitoring product. The company's recent acquisitions in the fuel forecourt market (Energy Level Systems Ltd, Retail & Forecourt Solutions Ltd, and LBI installations Ltd) have been earnings enhancing.


Disclaimer:  

This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.


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Vianet Group plc is a holding company. The Company is a provider of real time monitoring systems and data management services for the United Kingdom leisure and forecourt sectors. The Company is engaged in the design, product development, sale and rental of fluid monitoring and machine monitoring equipment, together with the provision of data management and related services, both to the leisure and petrol forecourt trade. The Company’s segments include Leisure and Fuel Solutions. Leisure segment consists of design, product development, sale and rental of fluid monitoring and machine monitoring equipment together with the provision of data management and related services. Fuel Solutions consists of wetstock analysis and related services. more »

Share Price (AIM)
77.5p
Change
0.5  0.6%
P/E (fwd)
6.8
Yield (fwd)
7.6
Mkt Cap (£m)
21.8



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