Report

Murgitroyd (MUR.L) Delivering cash

Preliminary results from Murgitroyd, the International Patent and Trade
Mark Attorney, were broadly in-line with expectations. EPS increased 4% to
37.5p (ex the positive property re-valuation). Dividend growth continues
uninterrupted (raised every year since floating in 2001). Given the strong
cash flow (>£2m pa) and low level of gearing (net debt/EBITDA 0.4x) we
expect this dividend growth will be maintained.
Underlying
Murgitroyd Group PLC

Murgitroyd Group provides a range of Intellectual Property advisory services through its trading subsidiaries Murgitroyd & Company Limited, Murgitroyd SARL and Murgitroyd LLC, European Patent and Trade Mark Attorneys.

Provider
Hardman & Co
Hardman & Co

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