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Tarsus

May 2013

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:
  • TRS
  • Price:
  • 234p
Tarsus' full-year results were ahead of expectations at all levels with turnover, pretax profit and eps coming in at £51.5m, £14.8m and 12.1p against forecasts for £48.9m, £13.2m and 10.8p respectively. Net debt was £15.7m (2012: £13.7m). This being an “off year” for its two largest events the best barometer of its progress is to compare with its previous off year in 2010 and this shows growth in turnover, pretax profit and eps of 18%, 56% and 17% respectively. There's little new news to report since our main write-up three months ago, save for the fact that the outlook remains buoyant with forward bookings on a like-for-like basis 16% ahead of this time last year. Encouragingly, boo ...

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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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