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Hitachi Capital

February 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:
  • HCU
  • Price:
  • 237p
Hitachi Capital has issued a statement which said that whilst it has continued to deliver encouraging results in Q3 from its largest and most profitable division, vehicle solutions, the business finance division has again experienced a mishap. This time it has been affected by the demise of one of its long standing customers (Transrent), a trailer rental business where administrators have been appointed. Hitachi has a number of charges over the trailers but owing to the depressed state of the trailer rental market, it has been unable to receive an acceptable price for the equipment. In the light of that development, Hitachi will make an additional one-off provision of £4m in Q4. Offsetting this slightly will be a tax credit of &pou ...

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Related Articles

Hitachi Capital - 273p share bid from Japanese parent (May 2007)
Hitachi Capital - Prospective PE of 7.7 (December 2006)
Hitachi (November 2006)

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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