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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ROK - Forecast beating results

April 2007

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:
  • ROK
  • Price:
  • 1024p
Shares in building services firm Rok stormed to a new high of 1060p on better than expected final results. For the year ended 31 December, turnover increased 24% to £689m, while pretax profit rose 33% to £22.4m. Earnings increased 19% to 52.5p. Impressively, excluding the acquisition of Tulloch Construction, revenue growth was still 17%, while the order book has soared 58% to £522m. Rok Building, the contracting and planned maintenance business, led the way with sales rising 22% to £533m and operating profit rising 33% to £15.7m, of which Tulloch chipped in £1.2m. Marins rose from 2.7% to 2.9% and should widen further as the focus on small works intensifies. Organic growth came through both new ...

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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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