Updates

White Young Green - Order book approaches Â£400m

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.

Engineering consultant White Young Green has announced excellent results for the year to 31 December, with turnover increasing 35% to Â£134m and pretax profit rising 31% to Â£9m. Adjusted eps rose 22% to 13.1p. Reflecting the Â£22m spent on acquisitions in the period, net debt increased from Â£43.2m to Â£70.6m. Of particular encouragement was the 18% increase in net order book to a record Â£390m, dispelling the notion that the credit crunch had turned its tap of new business off. All three divisions performed strongly, including management services, (non-design related services like cost management, property management and health & safety advisory work), which increased sales by 26% to Â£44m and operating profit by 23% to Â£4. ...

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White Young Green - Acquisition pipeline strong (January 2008)

White Young Green - Order book up 23% (December 2007)

White Young Green - substantial acquisition (October 2007)

White Young Green - Engineering consultancy firm aiming to double in size (May 2007)

White Young Green - New highs for consulting engineer (November 2005)

White Young Green - Makes two more acquisitions (April 2005)

White Young Green - Gain tops 46% in seven months (February 2005)

White Young Green - 74% of forecast sales in the bag (November 2004)

White Young Green - Min WSP eyeing further deals (July 2004)

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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