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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Spice

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:
  • SPI
  • Price:
  • 550p
In its pre close update for the six months to 28 October, Spicenoted that trading continued to be in line with expectations. Itslargest division, utility services, has seen good growth in volumes inelectricity, with the highlight being the award of its first overseascontract by AT&T with an anticipated turnover of £5m. Spice’ssmaller divisions also made steady progress, with telecoms, commercialservices and public services all performing as planned.  Meanwhile, the acquisition of Revenue Assurance Services (RAS) wasconcluded on 12 October and so there is no meaningful trading data onthis yet. Our view at the time  was that this is a very large,expensive and un-necessarily risky deal, for a company that hasexcelled ...

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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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