Another positive update from S & U, which I have written up before, with the highlights as follows:
The shares in common with other small and mid cap shares have come back somewhat recently as you can see from the chart below. Given the continuing strong underlying performance this has left them looking oversold and trading close to their 200 day moving average, although others I guess might read it as a top formation? However, based on this years forecast earnings and dividends of around 140 pence and 60 pence respectively the shares at 1700 pence are trading on a P/E of 12.1x with a yield of 3.5% which seems quite good value to me. Given the growth of 20%+ according to Stockopedia this means it currently qualifies under Jim Slater's Zulu screen criteria based on it being on a low PEG ratio (price to earnings growth). On this basis I'm happy to run with it but I have been a long term holder of this one any way based on its conservative management and steadily rising dividends over the years.