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Redhall - Strong outlook statement

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:
  • RHC
  • Price:
  • 242.5p
A criticism some investors might have about  Redhall is thatthe group will become an acquisition vehicle for its management. Butthe latest results for the year to 30 September show that growth inpretax profit of 209% to £2.4m was split quite equally between organicand acquisitive means. Eps grew from 5.8p to 12.3p (11% tax), whichbased on a normal tax charge would have emerged at 9.4p. Overall, turnover was up 80% to £57m driven by good growth on allthree sides of Redhall’s business whilst like-for-like sales growth,excluding the acquisitions of Steels and Jex, was 37%. In the nuclear division, civil work was boosted by a couple of largecontracts at Sellafield and together with a maiden eight monthcontribution from ...

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Related Articles

Redhall - Bids £18.6m for Chieftain Group (November 2008)
Redhall - Forecasts lifted (July 2008)
Redhall (March 2008)

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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