Updates

Styles & Wood - Full year to beat expectations

October 2007

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.

Shares in retail fit-out services firm, Styles & Wood, jumped 15p on the day it unveiled very strong interim results as well as noting that results for the year as a whole should now beat current expectations. As a result brokers rushed to upgrade their forecasts. For the six months ended 30 June turnover rose 39% to almost £150m, while pretax profit increased 82% to £5.2m. Eps jumped 87% to 5.6p. Strong cash flow helped reduce net debt from £22.6m to £19.5m, while a particularly encouraging sign was an increase in the "projected" order book from £681m to £811m. In spite of fears that rising interest rates might dampen retail investment activity this has not been the case. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Connaught

Powerflute - 20% rise in H2

Styles & Wood - Property consultancy on forward PE for next year of 8.2 (November 2016)

Styles & Wood (June 2008)

Styles & Wood (July 2007)

Styles & Wood - Shares hit new highs (May 2007)

Styles & Wood - Big outsourcing opportunity (March 2007)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X