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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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White Young Green - Makes two more acquisitions

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:
  • WHY
  • Price:
  • 277p
With its order book standing at record levels and 60% of forecast turnover for 2006 already in the bag, it's hardly surprising that shares in consulting engineer, White Young Green, remain close to their all time high of 298p. Results for the six months ended 31 December were in line with its pre-close update and revealed a 44% jump in pretax profit to £4.2m and 11% increase in earnings to 2.4p, while sales rose 64% to £65.8m. Excluding acquisitions turnover grew by 13%, while its net order book increased to £220m, helped by new multi-year framework contracts worth £35m. Operating margins were maintained at over 9% in spite of the costs of integrating the IMC acquisition. Wit ...

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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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