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Redhall - Forecasts lifted

July 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:
  • 313p
In the past three years, Redhall has laid out its stall as a technical engineering delivery business over a number of sectors. The presentation to this month's interims has changed slightly with the former manufacturing business now absorbed into the nuclear business and Redhall reporting on a two divisional basis; nuclear services and engineering services.Overall results were strong, with pretax profit up 116% to £1.9m and earnings up 45% to 6.7p. These latest results were boosted by full period contributions from Steels (bought January 07) and Jex (July 07) and stripping these out, underlying organic profit growth is estimated to be c.20%. On the nuclear side, operating profit was up 46% to £1.3m on sales ...

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