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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Connaught

November 2004

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:
  • CNT
Connaught has issued an encouraging trading update for its financialyear ending 31 August, which noted that results will be in line with expectations. It also confirmed that its order book has risen sharply from £680m to just over £1 billion. Both its social housing maintenancebusiness and its gas maintenance business, GasForce, continue to trade well, while the only disappointment was the higher than expected costs of closing down its struggling corporate sector and office interiors businesses. These will now cost up to £7.75m, but will eliminate ongoing losses of around £2m a year.   Broker, Altium, hasleft its 2004 and 2005 earnings forecasts unchanged at 26.3p and 31.6p, but has upgraded its 2006 forecasts by 8% ...

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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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