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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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White Young Green - Order book approaches £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.

  • Epic Code:
  • WHY
  • Price:
  • 323p
Engineering consultant White Young Green has announced excellent results for the year to 31 December, with turnover increasing 35% to £134m and pretax profit rising 31% to £9m. Adjusted eps rose 22% to 13.1p. Reflecting the £22m spent on acquisitions in the period, net debt increased from £43.2m to £70.6m. Of particular encouragement was the 18% increase in net order book to a record £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 £44m and operating profit by 23% to £4. ...

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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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