Good trading update.
Business remains seasonal but strong H2 trading confirmed.
year end debt balances higher than last year , but this is due to seasonal nature so expect will reduce by H1 as usual.
Think share is nicely placed now for 50p in 2016.
catalyst will be confirmation of results, outlook and debt reduction on March 22,
and further cash flow confirmation with interim.
I expect ST will review positively as well.
so its possible 20% upside plus 3% dividend,
that's good enough for me in well managed, UK focused business with food cash flow record.
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