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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Connaught - Expands into Wales

October 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.

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Following its first foray into Scotland, Connaught has just established a footprint in Wales, through the acquisition of two companies for an initial £1.6m, plus another £0.8m performance related pay.  The two companies, which made a combined turnover of £10m last year, are Gas Care, the largest private supplier of gas, heating and maintenance services to the Welsh social housing sector and BST, which provides  skills training for gas, heating and electrical engineers in Wales.   As with England and Scotland, Wales will also benefit from the Government's desire to improve the fabric of the UK's social housing stock, with £3billion earmarked here over the next seven years.&nb ...

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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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