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Belhaven Group: The Dunbar firm’s Belhaven Best beer has a special place in the hearts of many and the product is helping the company provide one of the few rays of hope in the pretty depressed brewing and pubs sector.
The group last week reported a £1m rise in pre-tax profits to more than £6m for the six months to September 29, on sales up 13% to £39.5m.
Earnings per share rose from 17.9p to 19.1p, with the interim dividend up from 3.2p to 3.55p.
The figures helped the share price. It closed the week at 337.5p, way above a 52-week low of 260p and not far from its year high of 370p. Market capitalisation at this price is about £73m.
The consensus among analysts seems to be that this is not a stock that will make anyone rich overnight, but it stands as good a chance as any stock of achieving sensible, steady growth.
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