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CRC

January 2003

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:
  • CCG
After exactly three months of merger talks with its larger Frenchbased competitor, A-Novo, CRC has pulled out. The move has cost it£0.95m in aborted fees, which will be deducted from the current year’sprofit. This  is expected to remain in line with earlierexpectations.  During the merger talks CRC also lent  A-Novo’s Italiansubsidiary, A-Novo Italia EU5.5m, secured by a mortgage on a commercialproperty worth EU10m as well as by its own shares.  With the talkshaving ended CRC expects this loan to be repaid by 31 December. However, bearing in mind A-Novo’s dicey financial position that couldprove optimistic.Although this deal has slipped away, thefactors driving inc ...

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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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