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Connaught - New 40.2p earnings forecast for 2006

February 2005

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
The shares have really come to life in recent months and are now a useful 137p ahead of last May's main recommendation price of 423p. The catalyst was both the excellent final results for the year ended 31 August, but also the strength of the order book, which has now increased to £1.1 billion, over 60 % higher than the previous year.  Pretax profit, before an exceptional charge, was up 30% to £5.8m, on turnover up 48% to £200m, while earnings rose 23% to 26p.   Following the closure of its loss-making fit out business, which triggered a final £8.4m exceptional charge, Connaught has been re-organised into two divisions; Social Housing Services, (the core property related support services business) and SME Se ...

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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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