They got recently a 12 million contract with UBS which represented 50% of REDS' market capital!
UBS have 700 more branches needing possibly the same service.
He has already done it with REDS in less than a year. Acquisitions contributed 2% points of sales growth, foreign currency exchange movements positively impacted growth by 4% points, whilst Group like-for-like(1) ('LFL') sales declined by 4%.
Regionally, LFL sales grew by 2% in Asia Pacific, whilst sales to North America, Europe and Rest of the World declined by 4%, 8% and 11% respectively." Price has fallen sharply, but that offers perhaps good value now. SXS seems like a strong, quality company with a solid balance sheet good cash generation but on the other hand I feel these shares are a bit of a punt on the US industrial market which seems a bit risky to me - imo the shares look a bit expensive after this recent rally.114 In today's podcast: - Technical Analyst and PR at uk Zak Mir chatting and charting Quindell, Gulf Keystone Petroleum, Tesco, Royal Mail, Anite and Blur.
New CEO Mark Braund very positive and invested his own money along with the financial director.