Interactive Investor

More signs of recovery in T30

Richard Beddard
Publish date: Fri, 09 Sep 2011, 04:00 PM

But the gloomy economic outlook means managements are not taking anything for granted

T30 member Alumasc's results confirm modest recovery story. Headlines report more focus, lower pension obligations
Having sold Alumasc Dispense (which made equipment for bars and restaurants) the group is focused on sustainable building products and precision engineering. Debt is up 'modestly', but the pension deficit is lower. Dividend held. While the markets spin on tales of economic Armageddon, management is concentrating ' on the fundamentals of customer service, costs, cash and market development'.

T30 member Johnson Service confirms its recovery credentials with a good looking set of interim results. Profits and finances appear to be improving
All three divisions, textile rental, dry cleaning, and facilities management are benefiting from investment according to chairman John Talbot, and the company's expanding, adding new PFI contracts, opening a few new stores and installing dry cleaning pods in supermarket car parks.

Rugged computer and battery supplier Solid State reports trading significantly ahead of last year at its AGM
The Thrifty 30's star performer has a record order book and expects to prosper in 2011. Beyond that, 'the Board is mindful of the broader economic environment and the impact this may have." 'Good.

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