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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Jarvis - Prospective PE of 8.1

July 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:
  • JRVS
Shares in infrastructure and accommodation services group, Jarvis, have inched to a twelve month high,  after announcing final results ahead of expectations, and triggering a round of broker upgrades. Pretax profit, which includes a pension credit of £7.2m, increased 31% to £71.1m on turnover up 22% to £1.1bn.  Diluted earnings were 33.4p.  The order book has risen to a towering £10bn.   Jarvis' largest infrastructure division, whichprovides road and rail services to customers including Network Rail(formerly Railtrack) and the Highways Agency, saw a 25% increase inoperating profit to £63m.  Almost all growth came from rail,thanks to record amounts of track renewal business, especially on theWest ...

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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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