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Urbium - Results on 25 February

February 2004

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:
  • URM
  • Price:
  • 462p
In a market obsessed with all things tech, there are some low valuations emerging elsewhere. One such is Urbium (462p) which has reported encouraging trading over the Christmas period.  Numis now expect  earnings of 59.9p for the year ended on 31 December, despite SARs and terrorism affecting consumer sentiment and the very hot summer. Their above-consensus forecast for the current year is 72.8p which drops the PE to just 6.3.   Urbium was established in 1997, when chairman John Conlan (ex-First Leisure) joined the old Trocadero business. Under Conlan’s hand, Urbium grew its estate of high volume bars under the Trocadero umbrella. Six sites opened in 2001 and eight were opened/acquired in 2002, at which point ...

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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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