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WSP

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:
  • WSH
  • Price:
  • 758p
WSP has announced two more acquisitions, with the larger one being Lincolne Scott, a leading Australian building services and environmental consultancy which cost an initial £9.8m. Unaudited financial results for the year ended 30 June showed that Lincolne Scott made a pretax profit of £2m on turnover of £23m so the exit PE is likely to be around eight, nicely eps enhancing. Smaller of the two deals was the £2.2m purchase of South African firm LC Consulting, a Johannesburg-based structural engineering consultant, which made a pretax profit of £0.5m in its latest year. Separately, WSP has also announced that trading in the first half to 30 June has been in line with expectations, with business ...

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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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