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Connaught - 99% of forecast revenues booked

June 2008

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:
  • 412p
Connaught has maintained its exemplary record with interims at the top end of forecasts, sending the shares back towards their all-time high. For the six months to 29 February, turnover rose 55% to £256m with pretax profit increasing 60% to £13m. Eps rose 40% to 7.6p. Connaught's defensive attributes are shown by its social housing maintenance division, which shrugged off the woes in property and construction by achieving a 45% jump in revenues to nearly £206m and a 51% increase in operating profit to £11.2m. The key to its success is that its client base is mainly well-funded local councils and housing associations and the stability of this business is nicely shown by the increase in its order book from £2bn to £2.5bn. As a ...

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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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