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Nord Anglia - Shares break into higher ground

January 2004

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:
  • NAE
Shares in education services group, Nord Anglia have broken decisively into a higher range, following the release of a decent set of final results.  On a 4% increase in turnover to £83.6m, pretax profit was £4.8m, ahead of expectations largely  thanks to winningmore  outsourcing contracts.   In education delivery (58% operating profit) Nord's international schools saw profit grow from £1.9m to £2.2m, thanks to pupil numbers increasing from 4,900 to 5,200 due to the success of its recent new opening in Shanghai and theexpansion of existing schools. This growth was partially offset by a reduction in profit (from £0.9m to £0.8m) at UK schools, because of a hike in teachers' pensions and national ins ...

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Related Articles

Nord Anglia - Nursery acquisition (October 2003)
Nord Anglia Education - Big MoD contracts soon up for tender (August 2003)
Nord Anglia Education - Disappointing price for disposals (June 2002)

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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