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Planit Holdings

August 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:
  • PLN
  • Price:
  • 22.5p
After a brief flurry following release of results to 30 April, the share price was stuck back into the mud.  Turnover increased by 4% to ?28.1m. Profit before tax and goodwill was up 12% to ?3.3m and eps was up 8% to 2.8p (15% tax charge). Cashflow from operations was strong and after funding acquisitions, net debt, mostly dollar denominated, fell by ?1.7m to ?4.2m. Planit currently operates across three main  divisions; retail, woodworking and metal working.  The woodworking side, which comprises the Cabinetvision and CabinetWare cabinet making systems, showed recovery in the US after the travails of recent years whilst the acquisition of Alphacam, one of the key CAD/CAM element components on which those systems we ...

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Related Articles

Planit - Profits will exceed last year (July 2005)
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Planit - At exciting stage of development (January 2004)

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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