Sep 14th 2012 - Edison Investment Research today published a report on Brightside (BRT.L, LSE:BRT, LON:BRT) entitled "Harvest Time". In summary, the report says:
Results for the half year to 30 June 2012 show good progress on earnings and cash flow and a maiden interim dividend of 0.22p per share. Shareholders have needed patience in recent years while cash flows have been used to fund organic and acquisition growth, supplemented by equity issues that suppressed EPS growth. But normalised EPS grew 36% in 2011 and we forecast 29% for this year, while we expect the interim dividend to be the start of a progressive policy from a cash-generative model. We do not believe this is reflected in the share price.
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