Updates

Energy Assets

January 2016

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.

Energy Assets has completed the bolt on acquisition of Blyth for £2.5m (£1.5m cash plus £1m in new shares). There is also a £2.5m earnout. Blyth is involved in utility installations (gas, water and electricity) so will give Energy Assets a full service capability for commercial clients whilst also creating growth opportunities within the UK house building sector. It recorded a £0.4m operating profit on sales of £7.2m last year. Given the timing of the deal, the eps forecast for the year to end March is unchanged at 29.5p, with a 2% upgrade to 33.9p in 2017. Tipped at 348p in May ‘14, strong hold. ...

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Photo-Me - Cash pile builds to £64.7m or 18p a share

Tracsis - Eps enhancing acquisition of Ontrac

Energy Assets - 685p a share cash bid (May 2016)

Energy Assets (December 2015)

Energy Assets - £255m long tail of recurring revenue (July 2015)

Energy Assets (December 2014)

Energy Assets - British Gas contract win sends shares into orbit (August 2014)

Energy Assets - Recurring income grows to 70% of sales (July 2014)

Energy Assets - Deregulation in the gas meter market (May 2014)

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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