Updates

SMC

June 2007

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.

Just one month after announcing it was likely to meet broker forecasts, SMC has shocked the market by saying it now expects a “significantly reduced profit.” Executive deputy chairman Stewart McColl has fallen on his sword and left the group. SMC said that while parts of the business continue to trade well, others have overheads which are out of kilter with revised revenue projections and it is now likely to close down some offices. Rodney Walker, executive chairman will oversee the changes although the general expectation is that he is going to have his work cut out given his other commitments. Meanwhile, SMC has the lingering problem of significant deferred earnouts from its acquisitions which are likely to prove hi ...

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Vega

Spice - Forecasts upgraded

SMC (May 2007)

SMC (February 2007)

SMC (January 2007)

SMC - Soon to be prospective PE of 9.3 (December 2006)

SMC - High gear in Scotland (October 2006)

SMC (September 2006)

SMC (August 2006)

SMC - Largest acquisition to date (June 2006)

SMC Group (May 2006)

SMC Group - Gain since September: 286% (April 2006)

SMC - Results in April shouldn't disappoint (March 2006)

SMC - Buys two small architectral practices (February 2006)

SMC - Very eps enhancing acquisition (November 2005)

SMC - Acquisitions believed imminent (October 2005)

SMC - Attractive ground floor opportunity (September 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

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