Updates

Carter & Carter - Eps enhancing acquisition

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.

Carter & Carter has bought its closest rival in government funded training programmes for automotive technicians. It is buying ReMIT from the Retail Motor Industry Federation for £22.3m with a further £3m payable in the first 18 months. To finance the upfront element, Carter & Carter has placed 3.66m new shares at 625p to raise £22.9m before expenses. The acquisition adds 6,400 students and more than doubles its number of apprentices, making Carter & Carter the clear market leader in apprenticeship programmes for automotive technicians. In 2005, ReMIT generated sales of £25.2 million and made £1.2m pretax. But there are significant opportunities to derive synergies from the enlarged busin ...

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

Subscribe now

Already a subscriber? Login

March Networks

China Shoto

Carter & Carter - Buys two vocational learning businesses (June 2007)

Carter & Carter (May 2007)

Carter & Carter - Exploring college outsourcing deals (March 2007)

Carter & Carter (January 2007)

Carter & Carter - Our best performing NAP tip this year (November 2006)

Carter & Carter - Look set to break higher (September 2006)

Carter & Carter - Acquisitions should push shares higher (May 2006)

Carter & Carter - Eps enhancing acquisition on 6.5x profit (March 2006)

Carter & Carter - Aquisitions planned to grow presence in government funded training market (January 2006)

Carter & Carter - Squarely in market for work based training (December 2005)

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