Updates

Homeserve - Renewals holding up

November 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.

In its pre-close update Homeserve, the home emergency repairs business, announced that trading is in line with expectations for the half year to 30 September, while renewals and marketing take-up rates for its utility branded policies are in line with targets. In its UK membership business gross new policy sales will be 0.7m, nicely ahead of last year's 0.59m. Meanwhile its international operations in both France and the USA are performing well.As in previous years trading will be weighted towards the second half of the year, which is the busiest period for both marketing and emergency repairs. Latest eps forecasts are for 107p, rising to 122p the following year. For a company with such a s ...

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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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