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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Rok - £1.1bn framework agreements underpin growth potential

August 2006

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:
  • ROK
  • Price:
  • 550p
Critics might argue that Rok, whose overriding obsession is to become the "nation’s local builder", has eyes which are bigger than its stomach, given that its market value is still only £154m. However, this ambitious company has always delivered on its promises and through its three complementary activities of construction, property development and building maintenance, it has seen turnover balloon from £125m to £556m over the past four years, while pretax profit has risen from £3.8m to £16.1m. Following a recent meeting with chief executive Garvis Snook and finance director Ashley Martin, our overall impression was that this is a management team with the energy and ambition to turn Rok into ...

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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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