image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Umeco - Activity levels high in civil aerospace

December 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.

  • Epic Code:
  • UMC
The shares hit a new high of 443p at one point, ahead of interims for the six months ended 30 September, which unveiled that UMECO's key civil aerospace market is continuing to see sharply increased activity levels. Helped by a £0.9m contribution from acquisitions, pretax profitincreased 23% to £5.4m, on turnover up 18% to £108.7m, while earnings were flat at 11.2p reflecting the increase in the number of shares in issue used to help fund the acquisition of Advanced Composite Group (ACG).  Acquisitions were largely responsible for the increase in net debt from £21.7m to £56.2m (gearing: 68%). UMECO Components, which supplies high volume, low value, specialist parts tomajor airframe, engine and hydraulic systems ma ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

UMECO (May 2012)
Umeco - Piggy-backing on demand for Boeing’s “Dreamliner†(January 2012)
Umeco - Recovery in civil aerospace (October 2004)
UMECO (August 2004)
UMECO - Acquires Advanced Composites (May 2004)
Umeco - Buoyant new business pipeline (March 2004)
UMECO (December 2002)
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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X