Updates

Carter & Carter - Shares gain Â£2 in just two months

December 2006

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.

A perfect start for October’s front page recommendation, Carter & Carter, whose shares at one point soared to over £9 in response to very strong results for the year ended 31 July. Underlying pretax profit increased 111% to £15.2m from turnover up 85% at £94.1m. Earnings rose 62% to 28.5p. Year end net debt stood at £59.5m following £60m of acquisition spend but with the borrowing ceiling being £140m, we expect more deals will be made before too long. Operationally speaking, there was little new news that we didn’t cover in the write-up although it’s worth reiterating that its largest division, Vocational Learning, is going like a train with profit rising 97% to £14.3 ...

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Newfound

Glisten - Forecast beating results

Carter & Carter (June 2007)

Carter & Carter - Awaits hefty contract wins (May 2007)

Carter & Carter - Offer to acquire BPP (April 2007)

Carter & Carter - Significant tendering activity (March 2007)

Carter & Carter - Acquisitions push shares over Â£10 mark (February 2007)

Carter & Carter - Fast growing leader in Â£2.3bn vocational learning sector (October 2006)

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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