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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Rok - Useful 33% gain in 3 months

November 2006

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:
  • 730p
Hats off to Rok’s chief executive, Garvis Snook, whose latest acquisition of Scottish-based building services firm Tulloch sent the shares to a new high of 730p. Tulloch, which cost £31.3m, also provides construction, maintenance, plumbing, heating and mechanical & electrical engineering and offers an excellent springboard into an area where Rok has previously not been well represented. In the year ended 31 December 2005, Tulloch made an underlying operating profit of just over £4m on turnover of £107m, so assuming a full tax charge, the exit PE is just 10, clearly earnings enhancing even before expected synergy benefits. The shares have quickly gained 33% since our main recommendation in August but lo ...

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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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