Discover on track

Companies: DISL   
28/09/2007

Caravan king Discover Leisure delivered a generally reassuring trading update last week. Only product shortages in the motorhome market appear to have prevented the first half from being a bumper one. The integration of the two big acquisitions is going well and the company has concluded new banking arrangements with NatWest that include a two-year repayment holiday on a big chunk of the facility. The shares are fractionally down on my July recommendation level at 23.75p but remain a long-term hold.


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AIM£0.81m 0.52p -0.05p
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