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PM Group - Slippage of large contracts

April 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.

ales in the six months to 31 December more than doubled to £7.2m with both pretax profit and earnings up by 30% to £425,000 and  2.4p, respectively.The old core business of PM, providing on board vehicle weighing systems for the bulk haulage industry (Bulkweigh), was relatively static. The star performer continued to be Binweigh which continued to see strong customer interest in the UK and France. The system of charging by the level of waste produced is already operational in parts of Ireland and having established a presence there, further large orders were won in Cork and Dublin.  In February last year PM acquired WCS operating in Belgium and Holland and in September it bought MDT which is bas ...

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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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