Updates

SMC Group - Gain since September: 286%

April 2006

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.

SMC has announced its sixth acquisition since joining AIM. It is buying the business and assets of Stirling Prize winning architect Alsop from the administrators for £1.8m upfront (£0.9m cash plus £0.9m in new shares at 144p) with a deferred consideration payable to its three principals based on profit over three years. Alsop is a highly respected architectural business which was established twenty years ago and has an excellent international reputation. It has 44 fee earners and operates from London, Toronto, Beijing, Shanghai and Singapore. For the financial year ended 31 December, Alsop's loss before tax was £690,000 on sales of £3.5m. It fell into some disarray in the hands of VC backers but is e ...

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Mears

NSB - Strong growth in software licences

SMC (June 2007)

SMC (May 2007)

SMC (February 2007)

SMC (January 2007)

SMC - Soon to be prospective PE of 9.3 (December 2006)

SMC - High gear in Scotland (October 2006)

SMC (September 2006)

SMC (August 2006)

SMC - Largest acquisition to date (June 2006)

SMC Group (May 2006)

SMC - Results in April shouldn't disappoint (March 2006)

SMC - Buys two small architectral practices (February 2006)

SMC - Very eps enhancing acquisition (November 2005)

SMC - Acquisitions believed imminent (October 2005)

SMC - Attractive ground floor opportunity (September 2005)

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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