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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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HACAS - In bid talks

June 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:
  • HCS
On 16 May shares in  HACAS, the specialist housing consultant, jumped 40p to 150p after receiving a take-over approach. The group has also announced interim results ahead of  expectations, with pretaxprofit  and earnings  both ahead 43% to £2.4m and 5.6p respectively.  We  tipped the shares at 95p in February 2001 noting how the Government's efforts to regenerate social housing stock had created a thriving industry in advising local authorities and housing associations.  Despite umpteen bullish trading statements and broker upgrades the shares initially refused to budge.  Nevertheless, our latest re-recommendation three months ago is now vindicated. Gain: 44%.&nbs ...

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Related Articles

HACAS - Impeccable record continues (March 2003)
Hacas - Highly productive consultancy (July 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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