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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cosalt - Prospective PE slips to just 3.0

April 2009

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:
  • CSLT
  • Price:
  • 65p
Although shares of critical safety equipment provider Cosalt have been weak, the company nevertheless revealed respectable finals for the year to 26 October. These showed revenue up 57% to £105m and operating profit before one-off items relating to restructuring and financing costs increasing 252% to £9.5m. The period also saw the disposal of the non-core holiday homes business for a nominal sum. Cosalt now has two main activities, the larger of the two being lifting equipment for the offshore oil & gas sector and this side generated operating profit of £8.3m on turnover of £41.8m. Cosalt's services help clients who wish to outsource the supply, repair and management of oil & gas lifting equipment, with the main activi ...

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Related Articles

Cosalt - Sells Holiday Homes side (December 2008)
Cosalt - Q3 turnover increases 51% (November 2008)
Cosalt - Marine safety firm on course for eps growth of 150% over two years (September 2008)

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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