Updates

Connaught - Numis ups price target to 284p

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.

Following a relatively quiet period, shares in social housing contractor Connaught sprang to life and hit a new high of 253p, after it announced a strong set of final results. For the year ended 31 August, pretax profit increased 46% to £13m while turnover rose 25% to exactly £300m. Diluted earnings were up 43% to 8.8p. Good control of working capital helped net debt to fall from £11.2m to £4.9m. Connaught’s social housing division, which provides repair, maintenance and estate management services for registered social landlords and local authorities, grew revenues by 27% to £260m and operating profit by 43% to £13.8m. Operating margins rose sharply from 4.7% to 5.3%, driven by a larger pr ...

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Speedy Hire - Another in-fill acquisition

Spice

Connaught - Follow CEOâ€™s lead and sell (June 2009)

Connaught - Shares fall on social housing worries (December 2008)

Connaught - Â£800m of new orders (August 2008)

Connaught - 99% of forecast revenues booked (June 2008)

Connaught - Â£455m in new contract wins (April 2008)

Connaught - Wins new contracts worth Â£370m (March 2008)

Connaught - Wins new orders worth Â£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 - Shares go ex a 5 for 1 split (July 2006)

Connaught (June 2006)

Connaught - Social housing contractor going great guns (December 2005)

Connaught - Contract wins push shares about Â£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 - Â£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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