Primary Recommendation

Creston - Looking to triple in size in two years

January 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.

Marketing services and public relations firm, Creston, was last featured in the July 2002 issue when the shares were trading at just 50p. Since then, the company has completed two acquisitions and made a quantum leap in size and potential. The group's stockbrokers, Charles Stanley, are forecasting profit reaching £1.8m for the current year for eps of 7.9p. The implied PE is 17.9 which might look rather high. But this partly reflects the fact that most of the acquisitions are included for less than a year under Creston's ownership. Annualised, the numbers are much higher, with sales of £31m and profit of £2.5m. The big jump in profit this year partly reflects the acquisition of Nelson Bostock, a top rank pub ...

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Market Comment - January

Planit - At exciting stage of development

Creston (January 2012)

Creston (August 2011)

Creston - Shares break to new high (June 2011)

Creston (May 2011)

Creston - Possible rags to riches story (February 2011)

Creston (June 2006)

Creston (September 2005)

Creston - Annualised sales c.Â£70m (July 2005)

Creston (March 2005)

Creston - Prospective PE of 11.6 for next year (December 2004)

Creston - Makes fifth acquisition (October 2004)

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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