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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Spice

October 2008

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:
  • SPI
  • Price:
  • 103p
Support services firm Spice has started its new year well with trading in the first four months to 31 July running in line with expectations. Trading conditions within its electricity and energy markets remain particularly favourable, while its distribution side, comprising electricity, gas, facilities and telecoms, has secured new contracts with Scottish Power and One Vision Housing. Meanwhile, Spice has initiated a five for one share split and also raised £50m new money through a placing of new shares at 102p in a move to give it extra firepower to make more acquisitions. As the new money will reduce the interest rate charges on Spice's debt, this placing is likely only to be marginally dilutive to earnings.  Given ...

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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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