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| BROKER RECOMMENDATION (1 BROKER) |
| | STRONG SELL |  | STRONG BUY | |
| HOLD |
|
| COMPANY BACKGROUND |
| Sector | Leisure |
| Activities | Provision of bus services to public and private bodies and tailored transport solutions |
| EPIC | ROL |
| Index | FTSE AIM All Share |
| Listed | LSE - AIM |
| OUTLOOK |
(8/4/2010) ARP: ch - "The group is showing a strong upward trend and I am confident that the group's performance will display continued progress"
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| LATEST RESULTS - ANNUAL REPORT |
| | 30/11/2008 | 30/11/2009 |
| Turnover | £35.68m | £40.56m |
| Pre-tax Profit | £1.2m | £1.53m |
| EPS (Norm Dil.) | 0.06p | 4.78p |
| Dividend | p | 0p |
| Notes | Figures from 2007 in accordance with IFRS |
| INVESTMENT RATIOS |
| | Co. | FTSE Sector | Market |
| PER (pr) | 4.28x | 13.42x | 11.71x |
| Dividend Yield (pr) | 1.58% | 3.55% | 4.01% |
| PEG (pr) | 0.11f | 0.32f | 0.62f |
| ROCE | 10.23% | 10.67% | 124.65% |
| Operating Margin | 7.52% | 10.53% | 11.06% |
| EPS Growth (pr) | 38.76% | 10.77% | 24.37% |
| EV/EBITDA | 6.41x | 6.42x | 8.19x |
| Net Gearing | 113.44% | 203.00% | 64.89% |
| Net Tangible Asset Value PS | 24.09p | 1.44p | 1.82p |
| Price to Tangible Book Value (PTBV) | 1.70x | -1.24x | 1.18x |
| Price to Cashflow (PCF) | 3.94x | 9.48x | 11.26x |
| Price to Sales Ratio (PSR) | 0.27x | 1.12x | 2.41x |