image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Connaught - Hits all-time high

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:
  • CNT
  • Price:
  • 613p
Excellent interim results from social housing contractor Connaught have sent the shares to a new all-time high of 613p. For the six months ended 28 February, pretax profit increased 14% to £3.7m, on turnover up 18% to £114m, while earnings rose 12% to 15.8p. Net debt has increased from £10.5m to £16.9m reflecting investment in the start of several new contracts. Connaught's largest division, Social Housing Maintenance (65% operating profit), was the brightest spot with its profit rising 15% to £4.1m. Operating margin was 4.3% and the company expects it to rise thanks to economies of scale. But the biggest excitement was Social Housing's three new contract wins as part of the Government's ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Connaught - Follow CEO’s lead and sell (June 2009)
Connaught - Shares fall on social housing worries (December 2008)
Connaught - £800m of new orders (August 2008)
Connaught - 99% of forecast revenues booked (June 2008)
Connaught - £455m in new contract wins (April 2008)
Connaught - Wins new contracts worth £370m (March 2008)
Connaught - Wins new orders worth £185m (February 2008)
Connaught - Shares rise more than 50p (December 2007)
Connaught - Makes £91m acquisition (November 2007)
Connaught (October 2007)
Connaught - Take a part profit (June 2007)
Connaught - Shares up 200% since entering (April 2007)
Connaught - Numis ups price target to 284p (December 2006)
Connaught - Shares go ex a 5 for 1 split (July 2006)
Connaught (June 2006)
Connaught - Social housing contractor going great guns (December 2005)
Connaught - Contract wins push shares about £7 (October 2005)
Connaught - New 40.2p earnings forecast for 2006 (February 2005)
Connaught (November 2004)
Connaught - Expands into Wales (October 2004)
Connaught - Two large contract wins (September 2004)
Connaught - £19 billion social housing maintenance backlog (May 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X