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Inspace - 183p bid from former parent

January 2008

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:
  • INSP
  • Price:
  • 183p
Inspace has received a bid approach from its former parent, WillmottDixon, worth 183p a share. At the same time, Inspace also issued anupdate which said that overall trading for the year to 31 December isin line with forecasts.On the social housing side, Inspace said the market remains robust,particularly in terms of new build activity. With many goodopportunities on the ground, sales and preconstruction teams areworking across a variety of framework and project specific bids andconversion rates are good. There is a slight shortfall in maintenancework due to growing competitiveness on maintenance tenders, in part dueto Decent Homes programmes ending and contractors migrating into thisarea. On the affordable housing side, re ...

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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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