Updates

Connaught - Two large contract wins

September 2004

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.

The shares hit new highs following news that Connaught had won a large contract, with the London Borough of Hackney, worth at least Â£100m over six years. Connaught will provide its property related support services to 8,000 properties in the borough with work due to start this December. Contemporaneously, Connaught announced it had acquired Maginnis, a Glasgow-based firm, which offers maintenance services across the whole of Scotland, for Â£2.5m. The deal gives Connaught a bridgehead to expand into the Scottish social housing market which, like England and Wales, is benefiting from huge government spending to improve the creaking fabric of social housing, with around Â£4 billion being earma ...

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

Subscribe now

Already a subscriber? Login

Highbury House - Cut losses

Brandon Hire

Connaught - Follow CEOâ€™s lead and sell (June 2009)

Connaught - Shares fall on social housing worries (December 2008)

Connaught - Â£800m of new orders (August 2008)

Connaught - 99% of forecast revenues booked (June 2008)

Connaught - Â£455m in new contract wins (April 2008)

Connaught - Wins new contracts worth Â£370m (March 2008)

Connaught - Wins new orders worth Â£185m (February 2008)

Connaught - Shares rise more than 50p (December 2007)

Connaught - Makes £91m acquisition (November 2007)

Connaught (October 2007)

Connaught - Take a part profit (June 2007)

Connaught - Shares up 200% since entering (April 2007)

Connaught - Numis ups price target to 284p (December 2006)

Connaught - Shares go ex a 5 for 1 split (July 2006)

Connaught (June 2006)

Connaught - Social housing contractor going great guns (December 2005)

Connaught - Contract wins push shares about Â£7 (October 2005)

Connaught - Hits all-time high (July 2005)

Connaught - New 40.2p earnings forecast for 2006 (February 2005)

Connaught (November 2004)

Connaught - Expands into Wales (October 2004)

Connaught - Â£19 billion social housing maintenance backlog (May 2004)

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