Primary Recommendation

Hill & Smith - Health & safety boosts transport

March 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.

Under the watchful stewardship of chief executive David Grove, Hill & Smith has developed a lucrative niche supplying transport infrastructure products, such as crash barriers, traffic sign poles and lighting columns. Such a business might seem too dowdy to fit the profile of a momentum stock but the combination of healthy government transport funding and several value enhancing acquisitions have seen it grow quickly in recent years. Pretax profits are on course to jump from £9m in 2003 to more than £21m this year and Grove, who previously worked at senior levels in the private equity world, has set his stall out to expand further through acquisitions and entry into new markets. ...

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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.

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

Hill & Smith - Health & safety boosts transport

March 2007

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