A share ready to take off

Simon Thompson

Simon Thompson
A share ready to take off

It's not often you get the opportunity to buy shares in a company offering a solid 6 per cent dividend yield and trading on a modest 6.5 times earnings estimates net of cash. However, that's exactly what I have uncovered and, to add to the attraction, this is also a business in recovery mode with analysts predicting that pre-tax profits in the year to July 2013 will rise by almost a fifth. The share price is at an interesting juncture, too, and from my lens is on the verge of a major break-out. That in itself warrants a closer look at the investment case.

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