Updates

May Gurney

August 2012

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.

Full year results to 31 March were in line with expectations with sales up 22% to Â£695m, pretax profit up 17% to Â£28.4m and a 19% increase in eps to 29.5p. Net cash at the year end was Â£11m.The results reflect the new divisional organisation of public sector services (60% of sales) and regulated sector services (40% of sales). The Public Sector Services arm saw an 11% rise in sales to Â£417m but reported only a 3% increase in operating profit of Â£17.8m (59% of the total). This division includes local authority highways maintenance, municipal waste collection, fleet & passenger services for local councils as well as the facility services business. Performance-wise all a bit of a curateâ€™s egg, ie. good and bad in pa ...

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JD sports Fashion

Shaft Sinkers

May Gurney (January 2013)

May Gurney (November 2012)

May Gurney (May 2012)

May Gurney - Enters local authority fleet and passenger transport market (December 2011)

May Gurney â€“ Well placed in the environmental sector (November 2011)

May Gurney (May 2009)

May Gurney - Dependable income streams (November 2008)

May Gurney - Waste now 13% of sales (July 2008)

May Gurney (July 2007)

May Gurney (April 2007)

May Gurney (January 2007)

May Gurney Integrated Services - Attractive new issue (July 2006)

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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