Questor share tip: Next sales have it a protected buy

By Garry White, Questor Editor 700AM GMT twenty-six March 2010

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21.74 +104p

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Questor says BUY

The organisation posted better-than-expected full-year numbers yesterday, branch around 4 years of sales decline. Despite the recession, pre-tax increase in the year to Jan 31 were 18pc higher at 505m on sales that rose to 3.4bn from 3.27bn in 2008.

This meant the organisation could lift the full-year division by 20pc to 66p. The last remuneration of 47p will be done on Jul 1 and the shares go ex-dividend on May 26. The stream produce is 3pc.

Although severe times are still in prospect, the association has valid it can conduct the commercial operation in formidable times.

The shares were initial endorsed on Jan 6 at 21 and they are right away 4pc ahead. The marketplace is additionally up 4pc over the same period.

Trading on a Jan 2011 gain mixed of 11.5, descending to 10.7 in 2012, the position on the shares stays buy.