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Huntsworth flying

TIP UPDATE: The marketing business has sprung out of blocks this year
May 12, 2010

PR and marketing services business Huntsworth continues to set the recovery pace it flagged at full-year figures in February, reporting first-quarter organic new business up a third year-on-year.

IC TIP: Buy at 73p

It seems a little churlish to quibble over the marginally lower 2010 banked income when it’s still running at 80 per cent - down from 83 per cent in 2009. We suggested buying Huntsworth just before Christmas () and the shares have been steady rather than spectacular since, adding a respectable 12 per cent. Yet this still leaves the stock trading on a current year PE ratio of less than 9, based on Altium’s 8.4p EPS estimate, and there’s a decent payout too.

What we said:

When: 11 December 2009

Price: 65p

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