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PM Group - Councils defer orders ahead of election

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.

  • Epic Code:
  • PGP
  • Price:
  • 162.5p
Sales in the six months to 31 December were up 7% to £7.8m but with a higher proportion arising from sales of refuse bins, pretax profit fell from £425,000 to £335,000. The decline in profit compared to earlier expectations was almost entirely due to a shortfall in the Binweigh division which had sales of £5m (64% of the total). First, the division has moved to supplying councils on a one stop shop basis where PM supplies not only the load cell technology for dynamic weighing of a refuse bin, but also frequency transponders or electronic tags for identifying households as well as the bins themselves. During the period, sales of bins were £1.8m which distorted the mix/margin compared to the year before and gr ...

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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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