Bilby (AIM:BILB) – cheeky update outside ‘preferred’ hours disappoints!
The building services company offered mixed news in its trading update ahead of the announcement of its interim results. Profit warnings that appears other than at the preferred 7.00am time slot are never appreciated by the private investor community – frankly we can’t see what difference it makes to long term holders, but whatever floats your boat!
The acquisition of contractor Purdy in July 2015 seems to be proceeding well with great things expected following the integration. Since the period end, P&R Installation, the Group’s provider of gas heating and building maintenance services, has won a significant framework tender process for gas support work for the South East Consortium (SEC), a consortium of housing associations responsible for over 140,000 properties in South East England. P&R was ranked as the first placed contractor and offers the potential for the largest scope of prospective work in its history. The framework period is four years, with contracts starting in 2016…