Updates

Brandon Hire

August 2004

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.

Tool hire chain, Brandon, has raised Â£3.5m through a placing of justover 3m new shares with investors at 120p, increasing its headroom for acquisition and greenfield development opportunities to around Â£9.5m. Meanwhile, director, John Laycock has taken advantage of investor interest to sell 1m shares, although he retains 8m (24.05%). Separately, Brandon has issued a tradingstatement, which noted that for the first six months organic growth isrunning into double digits, with both turnover and operating marginswell ahead of the same period last year. Inspite of the share sale Brandon remains attractive on a prospective PEof 11.3, with earnings upgrades looking increasing ...

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Business Post

Brandon Hire (November 2005)

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Brandon Hire - Acquisitions drive new branch growth (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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