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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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S&U - 718p price target

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.

  • Epic Code:
  • SUS
Broker, Bell Lawrie White, has upgraded its forecast for S&U, after the provider of home collected credit  announced profit ahead of expectations, for the year to 31 January 2002.  The new forecast is for earnings of 58p in 2003, rising to 63p in  2004.  In2002 the group increased pretax profit by 21% to £9.2m,  onturnover up 8% to £34.4m.  Earnings per share rose 22% to 53.5p(against a forecast of 49.5p).   Profit was boosted by aslight reduction in the provision for bad debts, which fell from 14%to 12.5% of turnover.  This reflects S&U's  reputationfor only taking on the highest quality business.  Its bad debtsto net receivables ratio of around 4% is muc ...

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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

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