Secondary Recommendation

Cohort - Leader in defence technical services with eye on acquisitions

June 2006

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.

The presence of Nick Prest as Chairman of Cohort, which supplies highly skilled technical services to the defence sector, is certainly one reason why its shares received warm support from investors following their introduction to AIM at 123p on 8 March. Those with long memories will remember that Prest played key roles in the success of two former go-go stocks quoted in the defence sector. The first was United Scientific Holdings, which earned the highest total return of any stock in the 1970s. This was followed by a stint at armoured vehicles manufacturer Alvis, which helped by key acquisitions was transformed from a £15m minnow to a world leader, eventually bought by BAe Systems in 2004 for £350m. Prest and his wif ...

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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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