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Abacus Group - Non-economic driver to profit growth

June 2006

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:
  • ABU
  • Price:
  • 165p
Despite the stockmarket sell off through May, shares in electronic component distributor Abacus Group (ABU; 165p) barely flinched. There’s an old adage that if they don’t want to go down then eventually they will go up and the group’s latest results announced on 31 May provide plenty of reasons to expect this to happen. The rating is not expensive but the perceived quality of Abacus’ business has been overshadowed by two things. First, the spluttering nature of the recovery in the semiconductor market since the dotcom bubble when chips were at the heart of the internet and telecoms revolution and profitability for all the main distributors ballooned. Second, investors have painful memories of that boom that turned to bust ...

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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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