MARKET TALK: All Leisure 1H Better Than Expected - Panmure

13th Jul 2010 09:10

0810 GMT [Dow Jones] All Leisure Group's (ALLG.LN) 1H results are better than expected, says Panmure Gordon. It notes the group's underlying 1H pretax loss of GBP4M compares favorably with Panmure's forecast of a GBP4.4M loss. Panmure says current trading is encouraging, with summer '10 volumes and prices up year-on-year and winter '10/'11 volumes strongly ahead of the previous winter. Panmure also notes the fact the group has modestly increased the interim dividend and says this is encouraging. Reiterates buy recommendation and 103p price target. Shares -1.9% at 51p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 04:10 ET (08:10 GMT)