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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Connaught - Shares rise more than 50p

December 2007

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:
  • 423p
oming so soon after its acquisition of National Britannia,Connaught’s results might have been overlooked by investors. For theyear ended 31 August revenues increased 32% to £396m, while pretaxprofit rose 37% to £17.8m. Earnings increased 33% to 11.7p. The core social housing contracting division, which providesmaintenance and estate management services to local authorities andregistered social landlords, continued to motor ahead with operatingprofit rising 33% to £18.4m on turnover that rose 35% to £350m.Connaught secured a record order intake of £770m during the year,increasing its order book from £1.7 bn. to £2.1 bn. This providesexcellent predictability to future earnings with 95% of forecastrevenues for 2008 and 85% f ...

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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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