image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

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 ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Redhall - Bids £18.6m for Chieftain Group (November 2008)
Redhall (March 2008)
Redhall - Strong outlook statement (January 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW