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Carter & Carter - Acquisitions push shares over Â£10 mark

February 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.

Shares in Carter & Carter smashed through £10 following news that it has made three small acquisitions to boost its core vocational learning business for a total of £23.4m, of which £15.2m is in cash and the remainder in shares. The combined sales of the acquired businesses are £22.6m and operating profit is £2.15m and they are expected to be immediately earnings enhancing. Although the acquisitions have increased net debt to around £76m, borrowing facilities are expected to increase to £120m, while interest cover remains comfortable at over 4 times. The businesses comprise the London-based training division of AIM listed Quantica, 29.5p and two small training companies in Sheffield ...

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Topps Tiles

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Carter & Carter (June 2007)

Carter & Carter - Awaits hefty contract wins (May 2007)

Carter & Carter - Offer to acquire BPP (April 2007)

Carter & Carter - Significant tendering activity (March 2007)

Carter & Carter - Shares gain Â£2 in just two months (December 2006)

Carter & Carter - Fast growing leader in Â£2.3bn vocational learning sector (October 2006)

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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