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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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BSS - Decent Home Initiative driving growth

July 2005

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:
  • BTSM
  • Price:
  • 1130p
The shares jumped 161p in 4 trading days after builders merchant BSS announced results in line with recently upgraded expectations. For the year ended 31 March, pretax profit before goodwill and exceptional items rose 42% to £34.5m on sales up 12.6% to £747m, while earnings rose 46% to 82.5p. BSS' largest division, BSS Domestic, which distributes domestic heating and plumbing products to contractors and secondary merchants, was the engine behind the company's growth, with its operating profit rising 32% to nearly £25m, from a near 16% rise in sales to £516m. The key demand driver remains the Government's "Decent Homes" initiative, which has triggered a wave of new business in so ...

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Related Articles

BSS (January 2006)
BSS - Trading ahead of expectations (May 2005)
BSS Group - Builders merchant making record profits (April 2005)

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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