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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Connaught - Social housing contractor going great guns

December 2005

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:
  • CNT
  • Price:
  • 835p
Eagle-eyed subscribers will have noticed that we’ve given particular prominence to social housing repair & maintenance firms in the last few months, with recent AIM issue Inspace, 152p and old favourite Mears, 278p, receiving forthright buy recommendations. Both should generate fantastic returns for investors because this sector is enjoying white-hot demand thanks to a combination of a backlog of run-down council homes and a government willing to commit many billions into doing them up. On this basis, shares in social housing contractor Connaught, the third player in this sub-sector, also look good for a run, particularly as its recent final results sent brokers scurrying off to upgrade their forecasts. The result is that earni ...

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Related Articles

Connaught - Follow CEO’s lead and sell (June 2009)
Connaught - Shares fall on social housing worries (December 2008)
Connaught - £800m of new orders (August 2008)
Connaught - 99% of forecast revenues booked (June 2008)
Connaught - £455m in new contract wins (April 2008)
Connaught - Wins new contracts worth £370m (March 2008)
Connaught - Wins new orders worth £185m (February 2008)
Connaught - Shares rise more than 50p (December 2007)
Connaught - Makes £91m acquisition (November 2007)
Connaught (October 2007)
Connaught - Take a part profit (June 2007)
Connaught - Shares up 200% since entering (April 2007)
Connaught - Numis ups price target to 284p (December 2006)
Connaught - Shares go ex a 5 for 1 split (July 2006)
Connaught (June 2006)
Connaught - Contract wins push shares about £7 (October 2005)
Connaught - Hits all-time high (July 2005)
Connaught - New 40.2p earnings forecast for 2006 (February 2005)
Connaught (November 2004)
Connaught - Expands into Wales (October 2004)
Connaught - Two large contract wins (September 2004)
Connaught - £19 billion social housing maintenance backlog (May 2004)

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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