Updates

May Gurney

January 2013

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.

No more skeletons emerged in the first interims since the departure of May Gurney's chief executive. Sales were up 4% to Â£339m for the six months to end September but pretax profit was Â£11.4m, down from Â£14.7m. Eps were down from 14.8p to 11.8p. Net debt excluding Â£74m of vehicle leasing was Â£3m. It looks like two of the three issues that dogged the business have been sorted. The FM business has been discontinued whilst Scottish Utilities business has been scaled down after losing a contract to maintain gas mains for Scotia Gas. The only ongoing matters are the two problematic municipal waste collection contracts.These issues impacted margins on both sides to varying degrees. The Public Sector services arm (58% o ...

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Anite - 230% gain since tip

James Fisher

May Gurney (November 2012)

May Gurney (August 2012)

May Gurney (May 2012)

May Gurney - Enters local authority fleet and passenger transport market (December 2011)

May Gurney â€“ Well placed in the environmental sector (November 2011)

May Gurney (May 2009)

May Gurney - Dependable income streams (November 2008)

May Gurney - Waste now 13% of sales (July 2008)

May Gurney (July 2007)

May Gurney (April 2007)

May Gurney (January 2007)

May Gurney Integrated Services - Attractive new issue (July 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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