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Eleco - Significantly ahead of last year

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.

  • Epic Code:
  • ELCO
  • Price:
  • 106p
Shares in Eleco (ELCO; 106p) have not been buffeted by the problemsunsettling the commercial property and private house-building sectorsand with the AGM over the month announcing that sales and profits in Q1are substantially ahead of last year, it’s another vintage year for thecompany, which has been transformed since ex-Warburg hand John Kettley,now 68, took the role of Chairman a decade ago. At that time, Eleco had two main divisions - building systems andbuilding software for the construction industry. Both these areas arehot and becoming hotter. Kettley points out that in recent years thebuilding industry has progressively moved towards the use of off-sitemanufactured structural components. This has been aided by increasingt ...

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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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