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Planit

August 2004

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.

Turnover increased by 32% to £26.9m in the year to 30 April (26% excluding acquisitions). Of this, two thirds came from  the UK and the remainder from the US.  Adjusted pretax profit was £2.6m, up from £1.6m. Earnings rose to 2.6p (21% tax charge) from 1.7p last time. Cashflow from operations was strong and after spending £1.8m on acquisitions, net debt, mostly dollar denominated, fell by £0.8m to £5.9m. Planit currently operates across three main  divisions; retail, woodworking and metal working. The legacy retail business in kitchen, bedroom and bathroom design systems continues to gain market share. Planit said sales from its main distributors were holding up well despite the u ...

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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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