Updates

Northbridge

June 2015

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.

Since our main write up Northbridge has reported a strong set of results with pretax profits and eps up 19% and 15% to £7.8m and 37.1p respectively. But despite good numbers Northbridge said that H1 15 sales will be below H1 14 sales of £21.2m due to the turmoil in the energy sector. Since then, at the AGM, Northbridge said the outlook has notably worsened.The Crestchic loadbank business in the UK and Europe, and Northbridge's transformer rental operation, aren’t too badly affected. But Crestchic’s loadbank operations in Singapore and Dubai and the Australian Tasman Oil Tools business are seeing contract delays. With very high operational gearing the reduction in sales is anticipated to move the business ...

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Safestyle

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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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