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Rok Property - Construction shares still in demand

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:
  • ROK
  • Price:
  • 534.5p
We tipped Rok exactly 12 months ago at 404p and the company has not disappointed, with Rok reporting its fourth successive year of record results. Turnover was up by a third to £495m with pretax profit rising by 21% to £13.9m(before goodwill charges and exceptional items relating to the closure of Spaceage). Eps on the same basis lifted 23% to 39.9p.  Rok's most profitable activity was again its commercial and industrial property development arm, Rokeagle. Rokeagle reported an operating profit of £9m on sales of £60.3m during 2004. That was up on the £50.6m sales and £5.6m operating profit in the previous year. Margins lifted to 14.9%.     Rokbuild, the constructi ...

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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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