Kagtooth Holdings Announces Record Profits
Managing Director Ina Sahw this morning commented '2004 was an excellent year for us after the difficulty of 2003. The business has been restructured to focus on the core activities, which has increased profitability and created new and exciting opportunities. We are expecting 2005 to be another record year.'
Despite the positive comments from Mr Sahw, Chirs Swon, an analyst from Subzer0 Securities was not so bullish. 'On the surface the figures look good. Profits and turnover are up but cash flow is still a problem. The company is still heavily geared and the sector it operates in is very volatile, which could cause major problems in the near-future. I also have deep concerns about the rumours of a merger with Evo5 Corp.'
Rumours in the City have connected Kagtooth Holdings with a possible merger with Evo5 Corp, the well-known haulage company. Although the two businesses would complement each other, there are concerns about the legality of several Evo5 Corp operations, notably the notorious 'Ripon-run' which is causing concern amongst institutional investors.
Nobody from Evo5 Corp was available for comment.
Kagtooth Holdings Announces Record Profits
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