Updates

Armorgroup

December 2007

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.

Armorgroup has issued a trading update that said results for thesecond half of the year would fall short of expectations. Following thenews, broker ABN Amro has cut its pretax profit forecast from US$14.8mto US$9.2m (eps 9.3 cents). Net debt at the end of October was US$16m.Armorgroup said that various contracts in Iraq have been delayedsince the Blackwater incident on 16 September when 11 civilians werekilled by employees of Blackwater USA, the private security contractorhired to guard US diplomats. In particular, one major convoy securitycontract has not built up in the way expected and costs have beenincurred in advance of work which did not arrive. In its secondsignificant territory, Afghanistan, Armorgroup has experienced iss ...

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Superglass - Business has plenty of momentum

Kewill - No financial services sector exposure

ArmorGroup (August 2007)

ArmorGroup - Iraqi oil law expected in next 2 months (July 2007)

ArmorGroup - Profit forecasts downgraded (December 2005)

ArmorGroup (August 2005)

ArmorGroup - Wins major US weapons contract (June 2005)

ArmorGroup - 65% of sales in the bag (April 2005)

ArmorGroup (February 2005)

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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