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ISG - Shares down but not out

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.

  • Epic Code:
  • ISG
  • Price:
  • 144.5p
The shares came off heavily in December after it said that some of the previously problematic contracts were still lossmaking and despite earlier reassurances will now cost £5m to close them out.  Consequently, UK Construction will now breakeven. Meanwhile, Fit Out, which carries out bespoke fit outs of entire buildings including datacentres, is doing well. So is Retail fit out where it is the number one UK player. Order book is £1.1bn with £840m for delivery this year. Net cash stands at £50m.Numis forecasts 19.2p eps this year and 29.7p next.  Texan investment firm Cathexis UK, which holds 29.5%, has thrown in a cheeky bid at 143p (worth £71m), which I don’t think will go through as t ...

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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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