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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

S&U - Dirt cheap

April 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SUS
Shares in S&U, the home collected credit company, have been strong performers since we first recommended them at 382p last May.  Following a very positive trading statement on 19 February, we met S&U's managing director, Anthony Coombs, who is enthusiasticabout current prospects.  Broker, Brewin Dolphin, had been   forecasting a pretax profit of £8.3m and £9.2m for earnings of 49.5p and 56.7p in 2002 and 2003, before the  statement which indicated that these estimates will be significantly exceeded.   The house broker has held off upgrading forecastsahead of results on 11 April.  But our expectation is that the forward PE on any upgrade will be 8 or perhaps even 7.  This is way too c ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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