Updates

Huntleigh Technology - Budget beneficiary

May 2002

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.

As we anticipated back in March, Huntleigh beat its forecast for theyear to 31 December and the shares have hit a new high of 444p. Pretax profit rose 19% to Â£20.3m, on turnover up 29% to Â£170.4m, with earnings rising 17% to 16.86p. Huntleighdesigns and manufactures specialist hospital equipment, includinghospital beds, pressure area care to prevent deep vein thrombosis(DVT) and ultrasound diagnostics. The reason we recommended theshares was the opportunity for Huntleigh to exploit the UKGovernment's decision to increase public spending on the NHS, including upgrading the ageing stock of beds. In particular, hospitals are obliged by legislation to upgrade to electrical beds, which help prevent ...

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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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