Updates

Erinaceous - Enjoys good trading

April 2005

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.

Having changed its year end, Erinaceous has reported results for the nine months to 31 December. These include the results of the acquired Hercules Property business for the final three months only. Turnover was £67.5m and underlying pretax profit before exceptionals was £6m. Setting aside the acquisitions, organic turnover and profit grew 20%. The results are largely academic as it (a) excludes the group's traditionally most profitable January to March quarter; (b) only includes the Hercules acquisition for the final three months and (c) does not have the full benefit of cost savings from removal of duplicated overheads which are likely to become apparent by the middle of this year. Central support services (HR, ...

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Erinaceous (April 2006)

Erinaceous (December 2005)

Erinaceous (November 2005)

Erinaceous (January 2005)

Erinaceous - Shares move to new high (December 2004)

Erinaceous - Scope for large upgrades (October 2004)

Erinaceous - Scope for margin improvement (August 2004)

Erinaceous Beats forecasts (July 2004)

Erinaceous - First acquisition since AIM debut (June 2004)

Erinaceous - AIM debut with little fanfare (March 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.

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