Broker Network Holdings just keeps on delivering
One of my AIM favourites, Broker Network Holdings (‘BNH’) came out with some great numbers this week.
The group which operates a growing network of independent insurance brokers (currently 162) reported interim turnover of £4.56m and operating profit of £2.33m.
Although the shares appreciated about 90% in 2006 one leading broker has still raised their target price to 321p (Current price 268p).
Now I have always liked the group’s simple model and the fact that it is has consistently delivered over the last few months but I am quite prepared to have to wait a little for another upward move in the price and am not holding my breath for another 20% in the short term-it’s better not to be too greedy after all!
The group which operates a growing network of independent insurance brokers (currently 162) reported interim turnover of £4.56m and operating profit of £2.33m.
Although the shares appreciated about 90% in 2006 one leading broker has still raised their target price to 321p (Current price 268p).
Now I have always liked the group’s simple model and the fact that it is has consistently delivered over the last few months but I am quite prepared to have to wait a little for another upward move in the price and am not holding my breath for another 20% in the short term-it’s better not to be too greedy after all!