Updates

Superglass

June 2011

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.

Frustrating to see the shares retrace slightly, especially as interims show the outlook appears to be improving. The numbers themselves are backward looking with sales down 11% to Â£15m. EBITDA fell to Â£1.1m (Â£3.7m) and operating profit to Â£0.4m from Â£2.9m. At the pretax level, Superglass broke even versus Â£2.6m profit in H1 last year.Superglass said the results were against the backdrop of a CERT market that continued to lag expectations. CERT targets require an estimated 1.4m cavity wall installations and 2.1m loft installations by December 2012 and are mandatory for the utilities but so far only 32% of this target has been met. The question is therefore - not if â€“ but when â€“ and the signs look promising with Superglass ...

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Superglass (March 2011)

Superglass (February 2011)

Superglass - PE of barely 4x (January 2011)

Superglass - CERT programme extended by 21 months (September 2010)

Superglass - Debt falls by Â£2.2m in H1 (June 2010)

Superglass (January 2010)

Superglass (August 2009)

Superglass - Expects a stronger H2; PE of 4.5 (May 2009)

Superglass - Positive update (February 2009)

Superglass - Yet to catch fire (January 2009)

Superglass - PE of 4 and yield of 11.3% (December 2008)

Superglass - Results on 25 November (October 2008)

Superglass - PE of 5.1 and dividend yield of 11% (September 2008)

Superglass - Positive trading update (March 2008)

Superglass (February 2008)

Superglass - Business has plenty of momentum (December 2007)

Superglass - Beneficiary of CERT program (November 2007)

Superglass - Forecasts look on low side (August 2007)

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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