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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Rok

May 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:
  • ROK
  • Price:
  • 125p
Rok, the building and property development firm, has acquired Richardson Projects, a provider of new build and refurbishment services to the social housing sector, for an initial £22.5m. Richardson, which operates from offices in Rochdale and Leeds, reported pretax profits of £4.2m in the year ended 31 August 2007. This equates to an exit PE of 7.5 and will be marginally eps enhancing this year and significantly so next. Broker Numis is forecasting eps of 15p for this year and 16.6p in 2009, making the shares look cheap, although there's no likelihood of a quick recovery just yet. Keep holding. ...

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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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