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Lakehouse

June 2016

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:
  • LAKE
  • Price:
  • 35p
The EGM requisitioned by founder Steve Rawlings and major shareholder Slater Investments never took place in the end with both the chief executive and chairman ceding the inevitable and tendering their resignations. The board has also seen a shake up with the requisitionists appointing new directors.Lakehouse has since reported H1 results with sales up 4% to £168m. Headline pretax profit was £4.7m. Net debt was £22.6m, within £50m facilities running to 2018.Lakehouse operates across four divisions. The period saw Regeneration (£63.2m sales or 37% of revenue), which provides planned and responsive maintenance services to local authorities and housing associations, hit by rent changes (government w ...

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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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