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Vega

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:
  • VEG
  • Price:
  • 266p
Vega has issued a trading statement ahead of reporting 07 results on 10 July. These are expected to show a slight improvement on the prior year, albeit slightly behind broker expectations, disappointingly, with broker Charles Stanley subsequently reviewing its forecast down to £4.8m pretax before exceptionals, up from £4.5m last year. The exceptionals will amount to £0.8m and relate to redundancies and surplus property. As we said this time last year, because Vega is constrained by structural limitations in the space market and the way contracts are awarded, it has rapidly been transitioning into an independent consultancy, advising organisations on how to deliver complex programmes and systems. The next results ...

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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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