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Rok

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:
  • ROK
  • Price:
  • 165p
Rok surprised investors by warning that the credit crunch hasimpacted on investor demand in its property development division, whichwill result in a £2m reduction in profit. However, the other buildingand maintenance divisions continue to trade as normal and are expectedto make up this shortfall. Analysts have therefore left their forecastsfor this year (eps: 12.8p) and next (14.8p) unchanged.Earlier Rok announced the £16.5m bolt-on acquisition of AvonsideServices Ltd, which provides plumbing, heating and electrical servicesto the construction industry. Avonside generated a pretax profit of£2.2m on turnover of £42m in 2006 so the deal is earnings enhancing. Tipped at 110p in August ’05, par ...

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Related Articles

Rok - Suffers from project cancellations (December 2008)
Rok - Closes property development side (September 2008)
Rok (May 2008)
Rok - Prospective PE just 7.8 (April 2008)
Rok - order book rises 50% (October 2007)
Rok - Shares double in two years (August 2007)
Rok (June 2007)
ROK - Forecast beating results (April 2007)
Rok (February 2007)
Rok - Useful 33% gain in 3 months (November 2006)
Rok - Order book rises to £370m (October 2006)
Rok (September 2006)
Rok - £1.1bn framework agreements underpin growth potential (August 2006)
ROK Property - Very consistent share price growth (June 2005)
ROK Property Solutions - Falls through stop-loss in spite of upgrade (March 2003)
ROK Property Solutions - Acquires large construction firm (September 2002)
Rok Property Solutions - Rokeagle cuts two deals (August 2002)
Rok Property Solutions - Nationwide ambitions (June 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.

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