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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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