Updates

Connaught - Wins new orders worth Â£185m

February 2008

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.

Lavendon, which rents out powered access equipment such as scissor lifts and boom lifts, has again produced a sparkling trading update which showed revenues increasing 49% in the 11 months ending 30 November, reflecting both organic growth and acquisitions. Group operating margins have also improved significantly in the period. Growth was seen in most of its territories with the UK showing a 31% increase (like-for-like 11.5%). Germany rose 123% (14% like-for-like) and the Middle East increased 71% with only France seeing a decline in sales of 7%, although the recent acquisition of DK Rental France should give it much needed scale going forward. Although net debt has increased following its latest acquisition, it remains well sup ...

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Lavendon - Forecasts raised again

TMI Trader Portfolio - Feb '08

Connaught - Follow CEOâ€™s lead and sell (June 2009)

Connaught - Shares fall on social housing worries (December 2008)

Connaught - Â£800m of new orders (August 2008)

Connaught - 99% of forecast revenues booked (June 2008)

Connaught - Â£455m in new contract wins (April 2008)

Connaught - Wins new contracts worth Â£370m (March 2008)

Connaught - Shares rise more than 50p (December 2007)

Connaught - Makes £91m acquisition (November 2007)

Connaught (October 2007)

Connaught - Take a part profit (June 2007)

Connaught - Shares up 200% since entering (April 2007)

Connaught - Numis ups price target to 284p (December 2006)

Connaught - Shares go ex a 5 for 1 split (July 2006)

Connaught (June 2006)

Connaught - Social housing contractor going great guns (December 2005)

Connaught - Contract wins push shares about Â£7 (October 2005)

Connaught - Hits all-time high (July 2005)

Connaught - New 40.2p earnings forecast for 2006 (February 2005)

Connaught (November 2004)

Connaught - Expands into Wales (October 2004)

Connaught - Two large contract wins (September 2004)

Connaught - Â£19 billion social housing maintenance backlog (May 2004)

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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