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Spice - Forecasts upgraded

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.

  • Epic Code:
  • SPI
  • Price:
  • 548.5p
Ahead of reporting on 9 July, Spice has issued a pre-close statement for the year to 29 April. This reported good growth, particularly in its utility services division, which is benefiting from major spending programmes in the water and electricity sectors. Spice has successfully renewed and extended its contract with Yorkshire Water for meter installation and refurbishment services and also signed new contracts with Anglian Water and Scottish Water for water meter installations and replacements. At the same time, there were also key renewals and extensions with other customers including Siemens (meter reading) and EDF (electricity). For the current year which started on 1 May, KBC Peel Hunt has lifted its pretax profit forecast t ...

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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.

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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