Hanger8's announcement that it had 'very strong' start to the financial year and that it expects full year results to be above market expectations sent the shares soaring in early morning trade on Wednesday.
The business jet charter and management company revealed that earnings before interest, tax, depreciation and amortisation (EBITDA) for the three months ended September 30th were up 331% to £0.46m (Q1 2011: £0.11m).
Furthermore, it was bullish on full year prospects: "The board continues to see a consistent level of growth in its business and anticipates that the results for the year ended June 30th 2013 will be materially above market expectations."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Final results for the year to June 30th 2012 will be released on November 28th.
At 12:52 the shares were up 24.38% at 176p.
CM
-
Rightmove: UK asking prices hit record high but Britain enters buyer’s marketHigher property taxes are stifling the typically-busy spring selling season and buyers are benefiting from more choice, meaning sellers must price their homes more competitively
-
Inheritance tax reforms: government urged to rethink curbs on rural reliefsMPs want the government to delay changes to inheritance rax reliefs for farmers
