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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Spice

April 2006

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:
  • SPI
  • Price:
  • 271p
Yet another acquisition from Spice, which paid an initial £2.1m for Ipswich-based Maintech, which provides maintenance and installation of power networks (primarily high voltage) for commercial and industrial clients across the UK. Maintech made an operating profit of £0.55m in the year ended 31 March 2005 on turnover of £4.2m, which, based on the initial consideration, implies an exit multiple of just 3.8 times operating profit. Another useful in-fill which further strengthens Spice’s Electricity Services division. Keep holding. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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