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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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White Young Green - substantial acquisition

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.

  • Epic Code:
  • WHY
  • Price:
  • 467p
Consulting engineer firm White Young Green has gained a significant step in its quest to double in size within three years. The company has announced the acquisition of specialist transport consultancy Savell, Bird and Axon (SBA), for an initial £18m (nearly £11m in cash, the rest in shares). A maximum earn-out of £4m is payable subject to performance targets being met. SBA, which has offices in London, Manchester and Cardiff, provides high level strategic advice to blue chip clients in the public and private sectors, on issues such as transport policy, travel plan initiatives, traffic impact assessments and land use policy. This takes White Young into a new and lucrative area with SBA generating a pretax profit ...

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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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