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Nord Anglia - Prospective PE only 6.7

February 2003

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:
  • NAE
At the AGM last month, the Chairman, Kevin McNeany  reported that Nord is on target to achieve the key objectives outlined in the year end accounts. The focus on growth continues to be led bythe development of the Princess Christian private day care nurseriesin the Delivery Division and by services sold direct to schools in theOutsourcing Division. Nord continues to make substantial investment inboth businesses. Nord had net debt of £15.4m at the end of lastyear (due to two acquisitions and investment). Given that there wereno new contract wins last year and after the costs of bidding forcontracts this year plus £0.4m residual losses from the School ofFinance and Management which is being wound down, if no s ...

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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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