image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Nord Anglia Education - Disappointing price for disposals

June 2002

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
Interim results were in line with expectations with sales up 22% to £41.8m, operating profit up by 53% to £2.2m and earnings  32% to 6.4p.  Of Nord's two divisions, the best performancecame from education outsourcing, with profit up  22% to£1.3m.   There were no further contract wins since WalthamForest to report, although Nord has reached a shortlist stage (jointlywith Amey) for a PFI/PPP contract with Surrey LEA, worth £40m a year,to manage a range of education services.  Education Deliveryproduced same again profits of £1.5m, on a 31% increase in sales asstart-up losses in new schools at Ukraine and Budapest more thanoffset growth in the maturer UK schools.   Nord has al ...

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

Subscribe now

Already a subscriber? Login

Related Articles

Nord Anglia - Shares break into higher ground (January 2004)
Nord Anglia - Nursery acquisition (October 2003)
Nord Anglia Education - Big MoD contracts soon up for tender (August 2003)

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