Updates

Styles & Wood - Broker estimates it will have its complete market cap. in cash by 2020

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.

The latest note from Shore Capital forecasts fully diluted eps of 38.3p for the year to end December and interestingly the broker has also pushed out a sequence of forecasts for subsequent years of 44p, 49.1p, 53.8p and 57.2p. Of course we think the strongly positive cash generation paves the way for an eps accretive acquisition and the company is presently actively seeking these, which will push the forecasts even higher.Net debt levels have come down substantially to just c£1.4m (including all pref liabilities) and Shore notes that if there was no deal, by the end of 2020, S&W would have cash of £17m – almost its entire market capitalisation.A nice contract with BT this month highlighted on the firm&rs ...

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Styles & Wood - Prospective PE of 5.8 and company says trading going strong (July 2017)

Styles & Wood - Eps forecasts upgraded to 54.4p and 59.4p (February 2017)

Styles & Wood - 16% upgrade to eps forecasts (October 2016)

Styles & Wood - Shares hit 430p during the month (July 2016)

Styles & Wood - Eyewatering drop in net debt from £11.4m to £1.4m 221.5p (May 2016)

Styles & Wood - Cash of Â£8.7m after debt for equity swap (November 2009)

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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