Updates

Homeserve - Director buying boosts shares

May 2005

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.

The shares at one point moved to a new high of 914p after Homeserve announced that pretax profit before goodwill and exceptional items would be "slightly ahead of expectations" for its financial year ended 31 March. This was largely due to a strong Q4 at its largest division, Home Service, which benefited from continuing high insurance policy renewal rates as well as good growth in new business and reduced policy acquisition costs. The only disappointing area was its furniture warranties business, Regency, which continued to struggle because of difficult trading conditions in the furniture retail market. Most recently, Homeserve has boosted its Home Service side with the £18.9m acquisition of East Y ...

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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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