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UMECO

December 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:
  • UMC
Having hit a low of 224p shares in aerospace components distributor,Umeco recovered to 267p after solid interim results.  In the sixmonth period to end September  turnover fell 4% to £88m, butpretax profit increased 6% to £4.7m and earnings rose 9.3% to12.9p.  Encouragingly, net debt fell by £4.4m to £26.4m andgearing is now only 41%.In its component division, which supplies major European airframe,engine and hydraulic systems’ manufacturers with specialist parts,sales fell from £53.4m six months ago to £50.8m.  This decline ispartly because the business is more geared towards OEM production thanspares and repairs. However, thanks to improved pricing with customersand the renegotiation of its Rolls-Royc ...

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Related Articles

UMECO (May 2012)
Umeco - Piggy-backing on demand for Boeing’s “Dreamliner†(January 2012)
Umeco - Activity levels high in civil aerospace (December 2004)
Umeco - Recovery in civil aerospace (October 2004)
UMECO (August 2004)
UMECO - Acquires Advanced Composites (May 2004)
Umeco - Buoyant new business pipeline (March 2004)
UMECO - 355p price target (September 2002)
Umeco - Major extension to Rolls-Royce contract (July 2002)

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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