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Spice Group

April 2007

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:
  • SPI
  • Price:
  • 499p
Spice has announced two small infil acquisitions for a combined cost of £1.25m but which are eps enhancing, resulting in Peel Hunt increasing its forecast for the year starting 1 June by £0.2m to £18.7m. The bigger of the two is Atlanta for £0.8m, or 4.2x operating profit. Based in Aylesbury, Atlanta manages maintenance work for a number of retailers. At present the actual work is done via subcontractors and there is a clear opportunity to do most of the work itself, using Spice's Circle Britannia subsidiary (which happens to be located right next to Atlanta in Aylesbury). The smaller purchase by Spice is Optimal, which specialises in the design and surveying of overhead line circuits using operativ ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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