Updates

Spice

February 2009

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.

Utilities support services firm Spice produced a decent set of interim results, which came in slightly ahead of forecasts. For the six months to 31 October turnover increased 34% to almost Â£193m, while pretax profit before exceptional items rose 41% to Â£14m. Diluted eps increased 17% to 3.2p. Net debt at the period end was Â£85m. Spice has rearranged its business structure across two main divisions, Supply and Distribution. The former, which constitutes billing consultancy services (the acquisition of Revenue Assurance) and energy services, generated a profit of Â£6.8m.Meanwhile, Spice's Distribution division, which comprises its electricity, water, gas, facilities and telecoms services, made an operating profit of Â£16.7 ...

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Afren

H&T

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Spire Healthcare - Private hospitals group on track for double digit growth (March 2015)

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Spice - Softer trading in gas side (April 2009)

Spice (October 2008)

Spice - Revenue Assurance nicely bedding in (August 2008)

Spice (December 2007)

Spice - Acquires Revenue Assurance (September 2007)

Spice (February 2007)

Spice (January 2007)

Spice (December 2006)

Spice Holdings - Shares establish new uptrend (September 2006)

Spice Holdings (July 2006)

Spice (April 2006)

Spice Holdings (March 2006)

Spice Holdings - Take some profit (January 2006)

Spice Holdings - More earnings enhancing acquisitions (October 2005)

Spice Holdings - Another earnings enhancing deal (August 2005)

Spice Holdings (March 2005)

Spice Holdings - Earnings enhancing deal (January 2005)

Spice Holdings - Acquisitive support services firm (October 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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