Updates

Spice Group

June 2010

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.

Spice has confirmed that trading for the year to 30 April was in line with expectations, with pretax profit, before exceptionals relating to restructuring, of at least Â£32.3m. Spice has also now sold its non-core telecoms business for a good price: Â£32.8m. The sale represents an exit price of 6x operating profit so dilutes eps but enables Spice to reduce its net debt from Â£118.5m at the end of April to c.Â£87m. There is still the non-core gas business up for sale but that business has recently benefited from the retender of a previously loss-making contract (although remains lossmaking). Excluding that one division, the remainder of the group is now nicely focussed on businesses with regulatory drivers.The billing and en ...

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Melorio

BATM

Spire - 3 directors buy 235,000 shares after fall (September 2018)

Spice -Eliminates loss-making gas business (July 2010)

Spice Group (March 2010)

Spice - Plans to exit gas inspections business (January 2010)

Spice - 80% of work with utilities (December 2009)

Spice - Five-way share split (October 2008)

Spice - RAS takes greater market share (August 2008)

Spice Group (June 2008)

Spice - Broker sets 750p price target (November 2007)

Spice - Gain to date: 349% (August 2007)

Spice - Forecasts upgraded (June 2007)

Spice Group (April 2007)

Spice Group (March 2007)

Spice (January 2007)

Spice Group (December 2006)

Spice Group (November 2006)

Spice Holdings - Forecasts upgraded (August 2006)

Spice Holdings - Establishes exciting leg in energy management (July 2006)

Spice Group (February 2006)

Spice Group - Infil water acquisition (December 2005)

Spice Group - Strategic platform for social housing? (October 2005)

Spice Holdings - Forecast lifted following acquisition (August 2005)

Spice Holdings (June 2005)

Spice Holdings (February 2005)

Spice Holdings (December 2004)

Spice Holdings - Outsourcing and niche telecom services (October 2004)

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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