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Connaught - £455m in new contract wins

April 2008

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:
  • CNT
  • Price:
  • 390p
In its pre-close update covering the six months to 29 February, social housing contractor Connaught announced that trading was running in line with expectations. The company has won £455m in new contract wins, well ahead of the same stage last year. Net debt is a seasonally high £85m but is forecast to reduce to £65m by the year-end, which would make for gearing of 53%. Broker  Numis has left forecasts unchanged with eps of 16.4p expected this year and 21.1p next. Keep holding. ...

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Connaught - Follow CEO’s lead and sell (June 2009)
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Connaught - Shares rise more than 50p (December 2007)
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Connaught (June 2006)
Connaught - Social housing contractor going great guns (December 2005)
Connaught - Contract wins push shares about £7 (October 2005)
Connaught - Hits all-time high (July 2005)
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Connaught (November 2004)
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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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