Updates

Creston

August 2011

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.

A couple of months ago, Creston shares were on fire rising to a high of almost 120p but they seem to have sadly given up the ghost in the last month. Not that there has been anything untoward in the latest full year results nor have brokers changed their expectations, with Investec still forecasting Â£14.4m pretax and eps of 17.1p for the current year. As it was for the year to 31 March 2011, Creston reported sales up 11% to Â£67.8m (7% organic growth). Pretax profit was marginally up at Â£10.4m for eps of 12.3p. Margins in 2011 were 15.9% but this masks a stronger H2 margin of 17.7%, up from 13.9% in H1. But of course, it was a watershed time with the sale of its advertising business, DLKW and the acquisition of Coon ...

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Creston - Shares break to new high (June 2011)

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Creston - Possible rags to riches story (February 2011)

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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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