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Connaught - 82% of expected revenues for 2008 secured

October 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:
  • CNt
  • Price:
  • 204p
In its latest trading update, Connaught has announced that it expects to perform in line with expectations for the year ending 31 August. It has also won new contracts worth a total of £60m, taking its order intake for the year to over £500m. These include a five-year £25m planned maintenance project with Ashfield Homes and a £20m five-year project with Ealing Homes, both deals being part of the Government’s Decent Homes Initiative. Chairman Mark Tincknell noted that Connaught has now secured 94% of 2007 and 82% of 2008 market consensus revenue. Reflecting the significant expansion it has achieved in recent years, Connaught now intends to move up from AIM to the full list following publication of its ...

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