Newmark Security posted a record pre-tax profit in FY15. This benefited from orders from the Post Office and acceleration of a refurbishment programme for another long-term customer, which will not be repeated in FY16. Management has instigated a programme of activities based on geographic expansion, product development and acquisition, which is designed to drive profits growth from FY17 onwards. Our analysis of fair value at £20m (4.3p) assumes that these activities will be able to ret
25 Sep 2015
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Newmark Security PLC (NWT:LON) | 85.0 1.3 1.8% | Mkt Cap: 7.97m
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25 Sep 2015 - Author:
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Newmark Security posted a record pre-tax profit in FY15. This benefited from orders from the Post Office and acceleration of a refurbishment programme for another long-term customer, which will not be repeated in FY16. Management has instigated a programme of activities based on geographic expansion, product development and acquisition, which is designed to drive profits growth from FY17 onwards. Our analysis of fair value at £20m (4.3p) assumes that these activities will be able to ret