Bought some of these today as the sp has risen sharply because of future nuclear contracts-worth some research and checking out. This one has a lot further to go IMO.

No kidding! I thought your headline was uncharacteristically rampish - but recent preformance cannot be argued with. I shall put on my researching spectacles and give this the once-over.

Glad to have your opinion Soul-it seems as though this one is overlooked by small investors but something is pushing the price up. The company has only just broken into a small profit. more comments on ADVN bb. to look at.

MP, looking at the state of the turnaround of this company, there's no doubt that it's ringing all the right bells.

The balance sheet is a slightly different kettle of fish - include the pension fund deficit and the co is actually in negative equity!

Given the strength of the forward order book this is something that could probably be overcome. Perhaps the state of the pension fund is something that's due for review - can't believe that with the recent strength in the markets they're still showing the same loss.

Forthcoming profits are going to depend to a great extent upon the timing of the company delivering on its contracts - the timing of revenue recognition could be crucial.

I'm comforted, however, by the small market cap - at £12 million I get the feeling that if they continue to win orders they could see a fair bit more growth. Something tells me that the market for Redhall's services is increasing and that the future should be bright.

Looking at the chart for the last two years is also pretty surprising - a year ago this co was worth only about £2.5 million. I wish I'd known about it in February when the turnaround started becoming apparent!

I'll take a look at the ADVFN stuff as well - it would be interesting to see what people's estimates are of the general market.

By the way MP, any chance of a chart in your header? That ought to convince a few people!

Sorry-I'm not clever enough to do all that-dizzy blonde and all that!! but I'm sure you're right so feel free to start a new thread if you have time.

I suspect the interest in this stock is because the govnt has indicated it is now pro nuclear power, and of course the recent figures were good ...... While it is mildly encouraging that one of the institutions holds about 16%, the cap and number of issued shares is tiny, so any movement in any direction will be exaggerated ..... I note the indicated spread is also about 10% and NMS only 1000 shares.

Solid full year results today, slightly ahead of expectations, the sp is up to 198p +25p. Worth a good read up of full results, they say that with the credit crunch they haven't seen any major change to opportunities afforded to the business. RHL have a net cash position of £1.86m now and EPS of 16.9p, it' worth remembering that the tax charge was only 16.7% this year, this will slowly increase to a full charge in 2011.

The pension position is much stronger now, RHL paid in £3.0m in 2007 to the pension fund. They only have a deficient of 886k due to recent stock market weakness, a slight increase from last year.

The nuclear and engineering divisions are both performing very well, though I guess the recent weakness in the sp must have been caused by doubts about how the engineering division would fair in a recession, but so far it hasn't had any effect. Lets hope this continues.

Buy/Hold recommendation from Growth Company Investor

http://www.growthcompany.co.uk/recommendations/1051122/redhall.thtml

Buy Redhall Group (RHL) at 166.5p

Says The AIM & PLUS Newsletter on uk analyst

THE BUSINESS

Not a penny share but we think the share price of this free share tip will head sharply higher. Redhall is an AIM-listed business which over the years has built itself up into a group of seven specialist engineering services firms. Like all engineers the company has been hit by the recession, but on a low price earnings multiple, having a strong cash position and offering a decent dividend, we believe the shares are worth further investigation......

Interesting that Shares Mag also had this company as one of their top picks for 2010!
Now is on the radar once again for a re-rating in 2011.

2.12.10 LONDON (ShareCast) - Engineering support services group Redhall said annual profit slipped after substantial rebranding costs.

Chairman David Jackson said he was pleased with the group's performance in difficult market conditions.

Demand from the oil and gas was satisfactory while Defence traded exceptionally well with operating profit almost double last year, the group said. Process however traded below expectations.

For the year ended 30 September pre-tax profit fell to £4.5m after substantial exceptional costs while revenue for the period rose 12% to £144.7m. Adjusted profit before tax increased 9% to £7m.

"The medium and long term prospects remain extremely good. We are confident that we have positioned the business in key sectors in growth markets and in particular we are looking forward to the start of the Nuclear New Build programme where we have a lot to offer" said Jackson.

Was watching, but sadly missed the rise! Looks like it may be due to the recently announced proposed government subsidies to the nuclear industry.

StockMarketWire.com
Support services group Redhall reported revenue of £64.3m in the half-year to end-March (H1 2010: £65.4m), with adjusted profit before tax of £1m (H1 2010: £3.3m).

Adjusted operating profit was £1.2m (H1 2010: £3.5m).

Adjusted fully diluted earnings per share were 2.4p (H1 2010: 8p).

Net debt as at 31st March was £10.8m as a result of £14.6m outflow from operations principally due to Vivergo.

Redhall said the poor first half was largely due to the loss of the Vivergo contract.

Defence was performing well with the award of the first phase of a £20m contract from AWE.

The order book stood at at £101m including £25.6m received since 14th March 2011.

David Jackson, Chairman & CEO, commented: "Our business has suffered a set-back with the cessation of the Vivergo contract which has contributed to a disappointing first half result. The Board believes this is a low point and trading will be much improved in the second half and beyond. We are deeply committed to resolving the Vivergo issue and restoring shareholder value."

on a bit of a mission since xmas this one
(see harry's chart post 11)
probably due to their nuclear expertise
it's a thin market - so not for traders.
n.b. i'm a long term holder so dyor