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Accident Exchange

December 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:
  • ACE
  • Price:
  • 375p
More new highs ahead of interims due as we go to press. These should be well received with the group continuing to win market share. The total number of hire starts in H2 is expected to be 150% higher than H2 last year and is now at record levels. Activity in October is reported to be 20% higher than September, showing the business continues to grow going into the busier winter period. Numis is forecasting £17m pretax and eps of 18.4p for the year to April, lifting to £27m and 29p next year. The shares have risen almost six-fold more or less vertically since we tipped them 15 months ago. Some profit should have been taken; hold the remainder.  ...

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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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