Updates

Southern Cross

June 2007

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.

Following another upward spike in shares in care homes operator Southern Cross, they have now risen nearly 80% since we made them a front-page write-up last November. The latest surge was driven by a strong set of interim results and further expansion in the number of beds. For the six months ended 1 April, turnover rose 17% to £336m and EBITDA increased 42% to £21.8m. Underlying pretax profit was ahead by 33% to £14m, while adjusted eps was 7.7p. The results reflect the positive operational gearing effects of acquiring more beds, with the backdrop of continuing high occupancy rates of 91% and stable costs, in spite of rises in the national minimum wage. During the period the total number of beds increased 12% ...

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Chemring

Powerleague

Southern Cross - Fee rises support margins (October 2009)

Southern Cross - Portfolio constituent hits six-month high (June 2009)

Southern Cross - With debt concerns almost eliminated the shares look cheap on PE of 4.3 (April 2009)

Southern Cross - Dramatic recovery in finances means care homes operator looks over-sold (March 2009)

Southern Cross (October 2008)

Southern Cross - Shock profit warning (August 2008)

Southern Cross - 5.8% increase in fees (July 2008)

Southern Cross (April 2008)

Southern Cross - Underlying occupancy over 92% (November 2007)

Southern Cross - Divests freehold for Â£30m (October 2007)

Southern Cross (July 2007)

Southern Cross (May 2007)

Southern Cross - Blackstone exit triggers re-rating (April 2007)

Southern Cross (February 2007)

Southern Cross - Largest provider of care homes exhibits strong demand profile (November 2006)

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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