Updates

Rok - Closes property development side

September 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.

The headline grabber at building firm Rok's interim results was its shock decision to close down its property development arm, after its slide into losses. In the six months to 30 June Rok showed a 37% rise in turnover to Â£547m with pretax profit increasing 22% to Â£12.4m. Eps increased 20% to 4.9p. Net debt rose from Â£5.3m to Â£16.7m but remains well within its Â£100m facility.Helped by its focus on social housing as well as the acquisition of smaller rival Richardson Projects, the core building division, which operates from a network of 60 local offices across the country, increased revenues 26% to Â£288m. Although margins fell by 1%, operating profit was the same as last year at Â£2.8m. The good news is that while the credit ...

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Rok - Suffers from project cancellations (December 2008)

Rok (May 2008)

Rok - Prospective PE just 7.8 (April 2008)

Rok (December 2007)

Rok - order book rises 50% (October 2007)

Rok - Shares double in two years (August 2007)

Rok (June 2007)

ROK - Forecast beating results (April 2007)

Rok (February 2007)

Rok - Useful 33% gain in 3 months (November 2006)

Rok - Order book rises to Â£370m (October 2006)

Rok (September 2006)

Rok - Â£1.1bn framework agreements underpin growth potential (August 2006)

ROK Property - Very consistent share price growth (June 2005)

ROK Property Solutions - Falls through stop-loss in spite of upgrade (March 2003)

ROK Property Solutions - Acquires large construction firm (September 2002)

Rok Property Solutions - Rokeagle cuts two deals (August 2002)

Rok Property Solutions - Nationwide ambitions (June 2002)

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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