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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Tribal

August 2002

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:
  • TRB
Tribal has announced two more acquisitions along with its finalresults for the year to 31 March.  Larger of the two deals isNightingale Associates, the largest  healthcare architecturalpractice in the UK. The smaller acquisition, Malcolm Judd, providesplanning and property consultancy to the education sector.  Thesecompanies cost a combined £10m upfront and £10.2m deferred, based onfuture performance. Tribal’s turnover,  pretax profit and earnings were £45.7m,£8.1m and 14.2p, respectively, largely as expected. The shares havehowever fallen through our 285p stop-loss because of general marketworries about the accounting treatment of bid costs and  matchingcost with income (UITF 34).  Chief execut ...

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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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