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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Urbium - Bar operator trading well; PE just 8.4

April 2004

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:
  • URM
Late night bar operator, Urbium, is proving itself to be a shining beacon in a sector still emerging from the vagaries of overcapacity.  Latest full year results were at the top end of brokers' expectations and on Numis' forecasts earnings should rise morethan 30% over the next two years.   Despite a partial re-rating last month, the shares still trade on a lowly prospective PE of 8.4, a substantial discount to the sector's other leading light, Ultimate Leisure, 332p, which stand at 12.2. Urbium owns 26 late-night bar and entertainment venues, mainly situated in and aroundLondon's West End, although in recent years the group has expanded into other major cities, such as Birmingham, Manchester and Newcastle. ...

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Related Articles

Urbium - New 91p earnings forecast for 2006 (April 2005)
Urbium - Low prospective PE of 6.4 doesn't reflect strong trading (February 2004)
Urbium - Late night bars group trading well (August 2003)

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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