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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Urbium - New 91p earnings forecast for 2006

April 2005

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
  • Price:
  • 770p
Shares in late-night bars to nightclubs operator, Urbium, have sprung to life following its well received final results and are now 63% up on our buy tip in February last year. For the year ended 31 December, pretax profit rose 18% to £11.0m, while earnings increased 15% to 68.9p. Overall, sales improved an impressive 13% to £75m, thanks to five new openings and also a strong performance from its core London bars. Meanwhile, its decision to dispose of its two loss-making Birmingham sites helped margins improve by 0.8% to 17%. Underpinned by an expected six new openings this year, broker Panmure Gordon, forecasts a further 15% rise in earnings to 79.3p, with 91p expected in 2006. Panmure not ...

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Related Articles

Urbium - Bar operator trading well; PE just 8.4 (April 2004)
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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