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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Rok - Shares double in two years

August 2007

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:
  • 207.5p
In its pre-close update for the six months to 30 June, Rok noted that group revenues will be 40% ahead of last year and up more than 20% on a like-for-like basis. Operating cash flow has been strong and net debt in H1 has averaged £15.8m, over £10m less than a year ago. Rok Building, its construction arm, continues to thrive in a buoyant market with a further £330m of new orders through framework agreements being secured in the period. The committed order book stands at £520m, up 58% on the prior year and overall long-term frameworks now total £1.6bn. The recent acquisitions, Tulloch and SOL, are performing well. The rude picture of health is also evident in Rok Development, which is sticking ...

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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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