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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Rok - Order book rises to £370m

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:
  • ROK
  • Price:
  • 622p
Shares in construction and commercial property developer Rok have soared 72p since we made them a front-page write-up in August. The catalyst was better than expected interim results and for the six months ended 30 June, pretax profit increased 28% to £7.8m from a 26% rise in sales to £301m. Earnings increased 14% to 18.9p. Net debt fell sharply from £25m to £8.6m. There is little in the way of new detail to add to our main write-up except to say that all three divisions performed well with underlying sales growth running at 15% and Rok’s order book increasing from £330m to £370m. Rok has also won more than £350m of framework contracts this year, the key driver being the expansion of ...

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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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